J.M. Smucker (NYSE:SJM) posted a mixed fiscal third-quarter performance, with stronger-than-expected earnings offset by weaker revenue.

For the quarter, the food and beverage company reported adjusted earnings per share of $2.61, exceeding Wall Street estimates of $2.36. However, revenue fell short at $2.19 billion, below the anticipated $2.23 billion. Net sales declined 2% year-over-year, and when adjusting for acquisitions, divestitures, and currency fluctuations, comparable sales slipped 1%.

The company attributed the revenue shortfall to supply chain disruptions, which impacted performance despite solid execution in a challenging consumer and operating environment.

Looking ahead, J.M. Smucker updated its full-year fiscal 2025 outlook, now forecasting net sales growth of 7.25%, a slight reduction from its prior 7.50% to 8.50% range. The company also tightened its adjusted EPS guidance to $9.85 to $10.15, refining its previous estimate of $9.70 to $10.10.

While supply chain challenges weighed on results, J.M. Smucker remains focused on executing its long-term growth strategy, with a stable earnings outlook reinforcing confidence in its operational resilience.