The J. M. Smucker Company Declares Dividend

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…

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Dunkin’ Donuts Franchise Owners Resisting Price Hikes on Bagged Coffee

97% of Dunkin’ Donuts franchise owners responding to a recent survey say they have not raised the prices of 16 ounce bags of Dunkin’ Donuts coffee even though the cost for coffee beans has reached a 13 year high. J.M. Smucker Company, which sells Dunkin’ Donuts licensed coffee at supermarkets and other retail outlets, announced it has raised prices by 9%. Comments Invited!

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Folgers Supermarket Sales Tops all Others

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.

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J.M. Smucker 2nd-quarter Profit Soars on Coffee

The Miami Herald reports that J.M. Smucker Co (SJM.N), best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit view, sending its shares to a new 52-week high. Overall gross margin rise to 33.8 percent from 28.9 percent in the year-ago period. About 90 percent of the rise in gross profit was because of Folgers, the company said.

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