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 11:14AM

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.

Hyunsoo Rim

appy birthday

4/1/26

Apple is turning 50 today and it doesn’t look a thing like its younger self

From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.

The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26

Max Knoblauch3/30/26

JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.