J.M. Smucker Co.’s manufacturing facility in McCalla, Alabama (J.M. Smucker)

J.M. Smucker has one jammy lining in an otherwise gloomy outlook

Uncrustables are still on track to deliver $1 billion of sales in the coming fiscal year.

6/13/25 10:14AM

J.M. Smucker had a tough week, with its stock dropping 16% on Tuesday after reporting a spread of disappointing results.

Sales for the final quarter of fiscal year 2025 were down 3% year over year, and the company cut its profit outlook for FY26 to $9.50 earnings per share, compared with the $10.25 analysts had expected.

Since acquiring Twinkies maker Hostess in 2023, its sweet baked goods segment has struggled as Smucker has tried to integrate the brand, with sales in that division falling 26% in Q4 FY25. The company’s coffee products, including Folgers and Café Bustelo, could also suffer looking forward, with prices set to rise in August.

But at least Smucker’s (crustless) crown jewel is still shining. Sales of Uncrustables — the lunchbox staple frozen sealed sandwiches beloved by kids, parents, and the Kelce brothers — reached $920 million in FY25, up 34% in the last two years.

Indeed, Smucker says that Uncrustables is still on track to hit $1 billion in fiscal year 2026 — not bad considering that it bought the snack brand for just $1 million back in 1998.

And, with a 900,000-square-foot megafactory dedicated solely to making Uncrustables opening in McCalla, Alabama, last November, Smucker’s production capacity will finally be able to meet the growing demand for bite-size, borderless bread.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.