J.M. Smucker Co. reported a fiscal first-quarter net loss of $43.9 million, or $0.41 a share, hurt by higher commodity costs and the impact of U.S. tariffs that have pushed up coffee prices. Net sales slipped 1% to $2.11 billion, although comparable sales excluding divestitures and currency rose 2%. Adjusted earnings fell 22% to $1.90 a share, missing the $1.93 analyst consensus, and margins narrowed sharply. The food maker nevertheless reaffirmed its full-year earnings forecast of $8.50 to $9.50 a share and lifted its sales growth outlook to 3%–5%. Shares fell roughly 3%–5% in morning trading. Furniture and housewares chain Williams-Sonoma delivered a contrasting picture. Second-quarter revenue increased 3% to $1.84 billion, driving earnings of $2.00 a share and a 17.9% operating margin. Comparable brand sales rose 3.7%, prompting the company to raise its full-year revenue guidance to growth of 0.5%–3.5%, from a prior range of –1.5% to 1.5%, while keeping profit targets intact. Management acknowledged that incremental tariff rates on imported furniture have doubled since the first quarter but said the added cost has yet to dent demand. The stock traded higher after the results. The diverging performances underline how the U.S. tariff regime that took effect earlier this year is rippling through consumer-goods supply chains. While surging coffee import costs weighed on Smucker’s profitability, Williams-Sonoma’s vertically integrated model and price discipline have so far offset the hit from rising duties on Chinese-made furniture.