J.M. Smucker Passes Coffee Savings to Consumers to Defend Market Position
Dow Jones
Yesterday
J.M. Smucker is passing lower green coffee costs back to consumers through increased trade investments, the company said. U.S. Retail Coffee net sales rose 13% in the fiscal first quarter, driven by higher net pricing and volume/mix growth. The company began passing green coffee deflation through to consumers during the quarter, and said it would continue adjusting pricing as its cost structure evolves. In a sustained deflationary environment, the company would consider additional pricing actions, executives said. Excluding tariff refunds, the company expects segment profit margin in the high 20s for fiscal year 2027
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