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Smucker posts 6 pct fall in quarterly revenue
February 14, 2014 / 11:51 AM / 4 years ago

Smucker posts 6 pct fall in quarterly revenue

Feb 14 (Reuters) - J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported a 6 percent fall in quarterly revenue as it cut the prices of its coffee and peanut butter products.

The company said revenue fell to $1.47 billion in the quarter ended Jan. 31.

J.M. Smucker’s net income rose to $166.7 million, or $1.59 per share, in the quarter from $154.2 million, or $1.42 per share, a year earlier.

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