Smucker Says Uncrustables Momentum Prompts Accelerated Expansion of Alabama Plant
Dow Jones
Yesterday
Strong demand for Uncrustables sandwiches is prompting J.M. Smucker to accelerate production capacity expansion. The brand delivered 12% net sales growth at the total company level in the fiscal first quarter, driven by a double-digit increase in volume/mix, the company said. Household penetration now stands at 27%, with the brand achieving record quarterly volume and net sales. The company is moving up its timeline to bring the second phase of its McCalla, Alabama, facility online toward the end of the fiscal year. CEO Mark Smucker said the brand continues to see significant runway ahead
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.