J.M. Smucker's Cash Cow is a Crustless PB&J Sandwich

Dow Jones
Yesterday

0826 ET - J.M. Smucker says its Uncrustables brand achieved record quarterly volumes and net sales during the latest quarter, as household consumption continues to grow. "Momentum for the Uncrustables brand remains strong, and with household penetration of 27%, we continue to see significant runway ahead," CEO Mark Smucker says in prepared earnings remarks. J.M. Smucker will look to support the brand by accelerating plans to bring more production capacity online, as well as by launching new flavors and varieties with stepped-up marketing efforts. Shares of J.M. Smucker are up 3% premarket after the company lifts its outlook for the year.

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