JM Smucker (SJM) shares are trading lower after the company reported worse-than-expected first-quarter EPS and sales results. The company also cut fiscal year 2020 EPS guidance.

JM Smucker reported quarterly earnings of $1.58 per share, which missed the analyst consensus estimate of $1.74 by 9.2%. This is an 11.24% decrease over earnings of $1.78 per share from the same period last year.

The company reported quarterly sales of $1.779 billion, which missed the analyst consensus estimate of $1.87 billion by 4.87%. This is a 6.52% decrease over sales of $1.903 billion the same period last year.

J. M. Smucker cut fiscal year 2020 EPS guidance from $8.45-$8.65 to $8.35-$8.55 versus the $8.47 estimate.

"Our first-quarter performance fell short of our expectations primarily due to the timing of shipments and deflationary pricing in the coffee and peanut butter categories, as well as a competitive activity in the premium dog food category," said Mark Smucker, CEO of JM Smucker in a statement.

JM Smucker shares were trading down 5.16% at $107.10 in Tuesday’s pre-market session. The stock has a 52-week high of $128.43 and a 52-week low of $91.32.