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Business Briefing: Smucker Retail Coffee Profits Fall 4% on Pricing and Ads

Posted by Unknown on Wednesday, August 20, 2014


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Business Day |Smucker Retail Coffee Profits Fall 4% on Pricing and Ads



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Business Day | Business Briefing






Retail coffee profits for J.M. Smucker, the maker of Folgers and the biggest roaster in the United States, fell by 4 percent in its May-July quarter because of pricing and promotions, the company said on Wednesday. The Orrville, Ohio-based company, which also makes Jif peanut butter and Smucker’s jam, reported net sales of $1.32 billion, down 2 percent.



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