The successful launch of Dunkin’ Donuts K-cups was a major reason that Smucker’s earnings were significantly higher than anticipated in Fiscal 2016. The previous high of $640.5 million for the company’s US Retail Coffee segment was surpassed with the $645.9 million in profits generated this year on sales of $2,239.2 million. The news was good…
ORRVILLE, Ohio, Oct 26, 2010 /PRNewswire via COMTEX/ — The board of directors of The J. M. Smucker Company /quotes/comstock/13*!sjm/quotes/nls/sjm (SJM 63.50, +0.94, +1.50%) declared a $0.40 per share dividend on the common shares of the Company to be paid on Wednesday, December 1, 2010, to shareholders of record at the close of business on…
Coffee price increases by J.M. Smucker for Dunkin’ Donuts grocery store coffee have received quite alot of press lately. DDIFO Members Please take the 100% anonymous survey: “Coffee Prices at Dunlin’ Dounts Shops” survey. DDIFO Members Only! If you need login assistance contact Jim Coen: 800-732-2706 or at email@example.com
The San Francisco Chronicle reports that according to Bloomberg Business that’s how much of a lead Folgers still has on Starbucks when it comes to sales in supermarkets and other mass retailers. While coffeehouses and flavored lattes have fueled the gourmet trend, stalwarts including Folgers and Maxwell House still dominate in the kitchen, according to research firm SymphonyIRI Group. The bad news? As the world emerges from recession, the number of people making coffee at home is likely to fall, analysts say.
Greg Farrell in New York and Javier Blas in London report for the Financial Times that the company behind some of the most popular coffee brands in the US on Tuesday became the first to raise its retail prices after wholesale costs hit a 12-year high.
Cross-Country RV Brings Dunkin’ Turbo™ Coffee Across America May Through September 2010. From May through September 2010, fans of Dunkin’ Donuts packaged coffee can track down the Dunkin’ Turbo Big Taste Tour as it offers consumers across America free samples of the new taste of Dunkin’ Turbo coffee. Dunkin’ Turbo coffee (11 oz., msrp $7.49-$7.99) is the newest variety of packaged Dunkin’ Donuts coffee, now available wherever you buy groceries. DDIFO members read more….
Rueters reports that J.M. Smucker Co (SJM.N) posted higher-than-expected quarterly earnings as its Folgers coffee business continued to drive improved results, and the company signed a deal to sell coffee packs for Green Mountain Coffee Roasters Inc’s (GMCR.O) brewers.