Sunday 05 May 2024
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J.M. Smucker posts surprisingly strong quarter on coffee sales

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MILAN – J.M. Smucker Co. reported a 25 percent increase in its fourth quarter net sales, beating analysts’ forecasts, as demand rose for its Folgers and Dunkin’ Donuts branded coffee. The company also benefited from the acquisition of pet foods maker Big Heart Pet Brands.

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