Consumption continues to downgrade among low- and middle-income groups! US packaged food giant Smucker (SJM.US) posts positive cash flow and raises full-year outlook

```htmlAccording to information from Zhitong Finance APP, North American packaged food giant Smucker (SJM.US) released its results for the "first quarter of fiscal year 2027" ending July 31, 2026, before the US stock market opened on Tuesday. The company’s "revenue and profit both exceeded expectations" and it unexpectedly raised its performance guidance, pushing its share price up more than 10% in pre-market trading. Some investors regard Smucker as a barometer for "US at-home food consumption spending and brand price acceptance," meaning it reflects consumption trends among middle- and low-income households in the United States—to a large extent, Smucker benefits from the consumption downgrade of these groups. However, it cannot fully represent overall consumer spending on travel, automobiles, housing, and services that are crucial to the US economy.```