Shares of J.M. Smucker Co. (SJM) are dropping Wednesday morning after the food quarter released its latest quarterly earnings, beating fiscal first quarter profit estimates but slashed its full-year 2025 guidance, citing inflationary pressures and a decrease in discretionary income to impact its pet snacks and baked goods segments.

Morning Brief anchors Brad Smith and Madison Mills break down the latest development for J.M. Smucker Co. and what it could mean for the company moving forward.

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This post was written by Nicholas Jacobino