Investing.com -- The J.M. Smucker Co. (NYSE: SJM) reported third-quarter results that exceeded analyst expectations, though the company narrowed its full-year sales outlook due to a recent manufacturing facility fire.

The maker of Folgers coffee and Uncrustables sandwiches posted adjusted earnings per share of $2.38 for the quarter ended January 31, beating the analyst consensus 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.

Shares rose 7.9% following the results.

"Our business continues to deliver strong results in a dynamic external environment. In the third quarter, net sales and adjusted earnings per share exceeded our expectations, reflecting the strength of our portfolio of leading brands, along with our disciplined cost management," said Mark Smucker, Chief Executive Officer, President and Chair of the Board.

The company narrowed its full-year net sales growth guidance to 3.5% to 4.0%, down from the previous range of 3.5% to 4.5%. The midpoint of 3.75% compares to the prior midpoint of 4.0%. Smucker attributed the adjustment to a fire at its Emporia, Kansas manufacturing facility in February. However, the company maintained its adjusted earnings per share guidance of $8.75 to $9.25, with a midpoint of $9.00.

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.