J. M. Smucker Co. (NYSE:SJM) announced first-quarter fiscal year 2027 results that exceeded expectations, with adjusted earnings per share (EPS) increasing by 71% year-over-year to $3.24, and net sales growing by 5%. The results were driven by coffee price increases, volume growth in key brands, and a $115 million tariff refund. The company also raised its adjusted EPS outlook for fiscal year 2027 to $10.50-$11.00, expects free cash flow of approximately $1.1 billion, and plans to repay at least $500 million in debt this fiscal year. Previously, the company's stock price had surged by 9%.