SJM's Coffee Strength Shines in Q1: What to Expect Through FY26?

Key Takeaways J.M. Smucker's U.S. Retail Coffee sales jumped 15% in Q1, led by pricing strength across key brands.Coffee profit fell 22% as higher costs, tariffs and marketing spend weighed on margins.Management lifted the FY26 coffee outlook by $100M, expecting the strongest margins in Q4.The J.M. Smucker Company’s (SJM) coffee portfolio proved to be a pillar of strength once again in fiscal 2026. In the first quarter, the coffee category delivered a standout performance, offsetting softness across other s ...