Sunday 21 July 2024
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J.M. Smucker Co reports 1% increase in sales, sees lower coffee costs

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ORRVILLE, Ohio, U.S. – The J. M. Smucker Company yesterday announced results for the second quarter ended October 31, 2017, of its 2018 fiscal year.

“We are pleased with our second quarter results, primarily driven by our pet food business and the strong performance of a number of key brands across all our businesses,” said Mark Smucker, Chief Executive Officer.

“This included double-digit sales increases for Nature’s Recipe® dog food, Dunkin’ Donuts coffee, and Jif peanut butter. We also experienced continued strong growth of our brands in e-commerce, as sales in this channel doubled in the quarter for our U.S. retail segments.  We are confident in the ability of our brands to win in the rapidly changing retail environment. In addition, we remain focused on achieving sustainable cost reductions that support both the bottom-line and fuel investments in future growth.”

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