What are the key takeaways from SJM's earnings performance in 2025?

**J. M. Smucker's (SJM) earnings performance in 2025 shows a mixed result**, with a decline in sales but an increase in earnings compared to the previous quarter. 1. **Revenue Decline Due to Supply Chain Disruption**: SJM's revenue fell to $2.19 billion in the fiscal third quarter of 2025, down from $2.23 billion in the previous quarter. This decline was primarily due to a supply chain disruption, which affected the company's ability to meet demand. 2. **Earnings Increase Despite Revenue Decline**: Despite the revenue decline, SJM's net income increased, with the company reporting earnings of $208.5 million in the fiscal third quarter of 2025, up from $91.2 million in the previous quarter. This increase was driven by lower expenses and higher revenue compared to the same period in the previous year. 3. **Profit Margin Improvement**: The company's profit margin improved to 9.4% in the fiscal third quarter of 2025, up from 3.4% in the previous quarter. This indicates that SJM is becoming more efficient in generating profits from its revenue. 4. **Stock Performance**: Despite the mixed earnings performance, SJM's stock price increased by 1.27% on February 28, 2025. This suggests that investors may be responding positively to the company's improved earnings and potential for future growth. In conclusion, while SJM faced a revenue decline due to a supply chain disruption, the company's earnings performance in 2025 showed an encouraging uptick, with improved earnings and profit margins. The positive stock performance reflects investor confidence in the company's resilience and future prospects.