J.M. Smucker Co. (NYSE:SJM) shares rose Thursday after the food manufacturer reported third-quarter earnings that exceeded analyst expectations, though the company narrowed its full-year sales outlook. The maker of Folgers coffee and Uncrustables sandwiches posted adjusted earnings per share of $2.38, beating the consensus estimate of $2.26.

Revenue came in at $2.3 billion, slightly below the $2.33 billion estimate but up 7% from $2.19 billion in the same quarter last year. Excluding divestitures and foreign currency impacts, net sales increased 8%, driven by a 10 percentage point increase from higher pricing, primarily in coffee, partially offset by a 2 percentage point decline in volume/mix. The company attributed the sales guidance reduction to a February fire at its Emporia, Kansas manufacturing facility.

Despite the weaker sales outlook, Smucker maintained its adjusted earnings per share guidance of $8.75 to $9.25. The U.S. Retail Coffee segment led growth with net sales jumping 23% to $908.2 million, driven entirely by higher pricing. However, segment profit declined 5% due to higher commodity costs and tariffs. The Sweet Baked Snacks segment continued to struggle, with net sales falling 19% and segment profit plunging 78%. Cash flow improved significantly, with free cash flow reaching $487.0 million compared to $151.3 million in the prior year.