Ruling Lets Starbucks Take Over Packaged Coffee Distribution March 1
A U.S. District Court denied Kraft Foods Inc.’s request to block Starbucks Corp. from taking over the distribution of Starbucks’s branded packaged coffee March 1.
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Kraft takes Starbucks to Arbitration, Public Bickering Continues over Supermarket Distribution
Starbucks is trying to cut ties with Kraft, which has distributed its coffee beans to grocery stores for 12 years, saying the food giant eroded Starbucks’ brand in grocery stores. It plans to take over the packaged coffee business beginning March 1.
Read More »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!
Read More »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.
Read More »P.F. Chang’s, Burger King, Jamba Juice sell frozen food
Bruce Horovitz reports in USA TODAYSome of the most familiar names in the restaurant world are moving into the grocer’s freezer.
Read More »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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