JM Smucker Co SJM Stocks are trading lower. The company reported better-than-expected financial results and raised its full-year outlook on Monday.

What happened: JM Smucker said revenue for the fiscal second quarter rose 8% year over year to $2.21 billion, which was above average Analyst Estimates of $2.17 billion Gasoline Pro. The company reported quarterly earnings of $2.40 per share, beating median estimates of $2.19 per share.

JM Smucker reported free cash flow of $102.9 million in the second quarter.

“Our second quarter results reflect the continued strength of our business, continued demand for our leading brands, the ability of our team to deliver an excellent portfolio and our ability to offset cost inflation and manage our supply chain environment,” he said Markus SchmuckerChairman, President and CEO of JM Smucker.

JM Smucker raised its full-year earnings guidance to $8.35-$8.75 per share from $8.20-$8.60 per share versus median estimates of $8.49 per share. The company raised its full-year revenue growth guidance to 5.5% to 6.5% from 4% to 5%.

See also: JM Smucker raises full-year guidance for solid second-quarter earnings

SJM Price Promotion: JM Smucker has a 52-week high of $152.16 and a 52-week low of $119.82.

The stock is down 0.10% at press time to $146.00.

Photo: courtesy of JM Smucker.