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J.M. Smucker Ups Coffee Prices By 11%
The J. M. Smucker Company (NYSE:SJM) announced today a series of price increases covering the majority of its coffee products sold in the U.S., primarily consisting of items sold under the Folgers, Dunkin' Donuts, Millstone, and Folgers Gourmet Selections brand names.The average increase across all impacted items is approximately 11%.The increase in price is driven by sustained increases in green coffee costs, the company said. The Company is currently in its quarter-end quiet period and, therefore, will answer investor related follow up questions during its June 9, 2011, fiscal fourth quarter earnings conference call.
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Date Found: May 24, 2011
Date Produced: May 24, 2011
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