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Nexus To Acquire Natural Balance
J.M. Smucker Co To Divest Its Natural Balance Business
J M Smucker Co Full-Year Fiscal 2021 Net Sales Growth Is Now Expected To Range From Flat To 1 Percent
The J. M. Smucker Company is engaged in manufacturing and marketing of food and beverage products. The Company's segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. Its products include coffee, dog food, cat food, pet snacks, peanut butter, fruit spreads, frozen handheld products, shortening and oils, portion control products, juices and beverages, and baking mixes and ingredients. The U.S. Retail Pet Foods segment includes Rachael Ray Nutrish, Meow Mix, Milk-Bone, Kibbles ’n Bits, 9Lives, Natural Balance, Nature’s Recipe, and Pup-Peroni branded products. The U.S. Retail Coffee segment includes Folgers, Dunkin’, and Cafe Bustelo branded coffee. The U.S. Retail Consumer Foods segment includes Smucker’s and Jif. International and Away From Home segment offers brands, such as Folgers and Smucker's.
1 Strawberry Ln
Richard K. Smucker
Executive Chairman of the Board
Timothy P. Smucker
Mark T. Smucker
President, Chief Executive Officer, Director
Tucker H. Marshall
Chief Financial Officer
John P. Brase
Chief Operating Officer
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J.M. Smucker Co said on Thursday it would exit underperforming brands, invest in high-growth areas and create a dedicated pet food sales organization as part of a restructuring plan over the next 12-to-18 months.
J M Smucker <SJM.N> will sell its Crisco business to peer B&G Foods <BGS.N> in an all-cash deal valued at about $550 million, as it focuses on pet food, coffee and snacks, the companies said on Monday.
J.M. Smucker Co <SJM.N> on Tuesday raised its full-year targets after beating Wall Street estimates for first-quarter earnings and revenue on strong demand for its coffee, frozen sandwiches and peanut butter from stuck-at-home consumers.
* Indexes dip: Dow 0.30%, S&P 0.05%, Nasdaq 0.15% (Updates to open)
J.M. Smucker Co on Tuesday raised its forecast for fiscal 2021 adjusted profit, after the Jif peanut butter maker topped estimates for first-quarter sales on strong demand for its coffee, frozen sandwiches and fruit spreads.
Food processor J.M. Smucker <SJM.N> has started to sell a coffee brand that allows consumers to have information about where it was produced and, if they wish, contribute financially to programs in the grower's community, the company said on Wednesday.
J.M. Smucker Co <SJM.N> on Thursday forecast full-year sales to decrease 1% to 2%, citing weakness in sales to restaurants and schools even as the Jif peanut butter maker beat estimates for fourth-quarter results.
Jif peanut butter maker J.M. Smucker Co said on Thursday it expected net sales in fiscal 2021 to decrease 1% to 2%, citing a significant and an extended decline in its away-from-home business.
Strong demand for J.M. Smucker Co's <SJM.N> Jif peanut butter and other packaged foods helped the company raise its annual sales and profit forecast on Monday, as shoppers stocked up to weather lockdowns due to the coronavirus pandemic.
J.M. Smucker Co raised its annual sales and profit forecast on Monday due to "unprecedented" demand for its packaged foods, as consumers stockpiled to weather stay-at-home orders to curb the coronavirus pandemic.
Jams and peanut butter maker J. M. Smucker Co <SJM.N> reported quarterly profit above market expectations on Wednesday, powered by its coffee business, even as its pet foods unit continued to struggle, sending the company's shares up about 5%.
Jams and peanut butter maker J. M. Smucker Co reported an about 2% drop in quarterly sales on Wednesday, hurt by poor demand for its premium pet foods, including Natural Balance brand and private label dog food.
J.M. Smucker Co <SJM.N> on Friday signaled that improving demand in its coffee and snack segments would counter weakness in its premium dog food business, helping investors look past the Jif peanut butter maker's lowered full-year forecast.
J.M. Smucker Co missed quarterly sales estimates and cut its full-year adjusted profit and net sales forecasts, hurt by weak demand for its premium dog foods.
J. M. Smucker Co <SJM.N> cut its full-year earnings forecast and reported disappointing quarterly results on Tuesday, as sales of its Nutrish dog food brand were hit by fierce competition, triggering a 10% drop in its shares.
J. M. Smucker Co reported quarterly sales below Wall Street estimates on Tuesday, hit by delayed shipments and its move to cut prices on its Folgers coffee and Jif peanut butter.
J.M. Smucker Co missed Wall Street estimates for quarterly sales on Thursday, taking a hit from lower prices for its coffee and peanut butter products, overshadowing the packaged food maker's upbeat profit forecast for the year.
Packaged food maker J.M. Smucker Co missed Wall Street estimates for quarterly sales on Thursday, hit by a stronger dollar and lower prices for its coffee and peanut butter.
Packaged food maker J.M. Smucker Co beat analysts' estimates for quarterly sales and profit on Tuesday, driven by higher demand for its Dunkin' Donuts-branded coffees and its purchase of premium pet foods maker Ainsworth.
Packaged food maker J.M. Smucker Co on Tuesday reported quarterly sales that beat Wall Street estimates, benefiting from higher demand for its Dunkin' Donuts-branded coffees and premium pet foods such as Nutrish.
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