J.M. Smucker

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US: Competition prompts Smucker to cut sales, earnings forecasts

14 Feb 2014

US food group JM Smucker has lowered its forecasts for annual sales and earnings after a third quarter in which revenues fell.

just-food's review of 2013: the trends that shaped 2013 M&A

6 Jan 2014

M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.

On the money: JM Smucker insists "well-positioned" on pricing

21 Nov 2013

US group JM Smucker has defended its pricing strategy after a fall in second-quarter sales.

US: Smucker cuts sales forecast after Q2 drop

21 Nov 2013

US food group JM Smucker has cut its forecast for annual sales after a drop in revenue in the second quarter.

US: JM Smucker adds to spread line with natural range

6 Sep 2013

US spreads-to-coffee group JM Smucker has expanded its stable with the launch of a natural fruit spread line.

Editor's choice: the highlights on just-food last week

27 Aug 2013

After Lindt & Sprungli reported higher solid first-half results last week, just-food interviewed the Swiss chocolate group's CEO Ernst Tanner to discuss its growth in mature markets and its patient strategy in developing economies. New Zealand's dairy sector continued to be in the spotlight after another recall of ingredients headed in China. Elsewhere, Heinz's new owners continued their plans to streamline its business, US food firm JM Smucker made a notable move in gluten free with the acquisition of Enray and we spoke to the creator of Powerful Yogurt, a product initially devised for men in the US and now looking at broadening its consumer base and expanding overseas.

US: JM Smucker acquires organic, gluten-free firm Enray

21 Aug 2013

US spreads-to-coffee group JM Smucker has acquired organic and gluten-free products manufacturer Enray.

US: JM Smucker lowers FY sales guidance after mixed Q1

21 Aug 2013

US spreads-to-coffee group JM Smucker has lowered its full-year earnings and sales outlook, despite booking an increase in first-quarter profits.

On the money: JM Smucker to up marketing spend, plans NPD roll-out

7 Jun 2013

US spreads-to-coffee group JM Smucker is to increase its marketing spend in fiscal 2014 alongside plans to launch around 100 new products across its portfolio.

US: Price cuts boost JM Smucker FY profit

6 Jun 2013

US spreads-to-coffee group JM Smucker has booked an increase in full-year earnings, boosted by price cuts in its coffee division.

Breakfast cereal: Emerging markets offer scope for growth

4 Jun 2013

An increasing number of breakfast cereal manufacturers are now taking advantage of the potential growth opportunities for this category in emerging markets such as Asia and Eastern Europe.

The week ahead - Ahold, Tesco & Smucker results; free-from & export events

3 Jun 2013

Retail majors Ahold and Tesco are preparing to announce first-quarter results, while bakery group Aryzta and US spreads firm JM Smucker look set to detail continued progress in growing profits over the past year. Meanwhile, we can expect free-from to take centre stage in two European trade shows and UK exporters will be discussing opportunities in CEE countries.

Quote, unquote: soundbites from FMCG conference CAGNY

22 Feb 2013

A selection of quotes from this year's Consumer Analyst Group of New York conference.

CAGNY: JM Smucker "poised" to expand Chinese business

20 Feb 2013

US food group JM Smucker is set to further build its business in China, a market it first entered last year with an investment in an oats company.

CAGNY: Jif prospects prompt JM Smucker plant reversal

20 Feb 2013

US food group JM Smucker has reversed plans to close a plant in Tennessee as it looks to grow its nut butter's business, which centres on the Jif brand.

US: JM Smucker Q3 profit climbs

15 Feb 2013

US spreads-to-coffee group JM Smucker has booked an increase in third-quarter profits, boosted by lower commodity costs, and the impact of its recently-acquired Sara Lee coffee business.

Best bits: Hormel broadens portfolio with Skippy buy

7 Jan 2013

Last week may have been the first week back at our desks after the new year, but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods.

Focus: Unilever's sale of Skippy

4 Jan 2013

News that Unilever has sold its Skippy peanut butter brand comes as little surprise. The well-flagged disposal follows a number of divestments in the packaged food space. The consumer goods giant is clearly hoping that its food interests will benefit from greater focus, while the decision to shed a largely US-leaning brand reflects Unilever's disposition towards emerging markets. Katy Askew reports.

US: Smucker raises outlook as profits rise

16 Nov 2012

JM Smucker has booked an increase in second-quarter earnings and raised its outlook for the full-year.

Deal or no deal: Unilever's potential Skippy sale

15 Oct 2012

Consumer goods giant Unilever is "considering options" - including the potential sale - of its Skippy peanut butter brand in the US and Canada. The news has sparked fresh speculation that the group will ultimately sell off larger chunks of its food portfolio, which could lead to an eventual split. With Unilever insisting it "remains committed" to food, Katy Askew looks at the strategic rationale behind the possible sale.

US: JM Smucker backs FY guidance, Q1 profits slide

17 Aug 2012

JM Smucker has reaffirmed its full-year guidance despite booking a decline in first-quarter profits.

Editor's choice: the highlights on just-food last week

11 Jun 2012

A short week on just-food after the long public holiday but it was packed with news. Disney banned "junk food" advertising, Carrefour neared the acquisition of Argentinian retailer Eki, meat giant JBS found itself under the scrutiny of Greenpeace - again - for its cattle sourcing in Brazil and, elsewhere the field of sustainability, Marks and Spencer said it had become "carbon neutral". We also looked at the problems at French meat processor Groupe Doux, which went into receivership last week, a move that could have wider implications across the country's agriculture sector. Click on the headlines for more.

Quote, unquote: just-food's week in words

11 Jun 2012

A swathe of results releases this week highlighted the ongoing difficulties of operating in the current economic climate.

On the money: Smucker re-evaluates pricing as volumes under pressure

7 Jun 2012

JM Smucker has indicated it expects to reduce prices in the coming year as it looks to reverse declining volumes.

US: Smucker sales rise on pricing

7 Jun 2012

JM Smucker said today (7 June) it had been able to grow earnings and sales in the fourth quarter of its financial year as higher prices offset weaker volumes.

just-food Confidence Survey - emerging markets and sustainability

30 Apr 2012

just-food's Confidence Survey also included questions on the emerging markets and sustainability. Of the BRIC markets, China gave respondents most cause for optimism. Outside those four countries, markets from Colombia to Vietnam filled others with confidence. And, on the issue of sustainability, alleviating their company's impact on the environment remained a priority for many despite the gloomy economic landscape.

Quote, unquote: just-food's week in words

30 Mar 2012

The Food and Drink Expo took place in Birmingham, UK, this week, hosting a raft of manufacturers and grocers from across the UK's food and drinks sector.

US/CHINA: JM Smucker enters China with Seamild stake

26 Mar 2012

US coffee and jam manufacturer JM Smucker has entered the Chinese market with the acquisition of a minority stake in Chinese oats firm Seamild.

Quote, unquote: the highlights from CAGNY 2012

27 Feb 2012

CAGNY, the annual industry investment conference in the US, was once again full of debate on the challenges and opportunities that the global food sector is confronting and exploiting.

CAGNY: Squeeze on volumes "industry-wide", warns ConAgra

22 Feb 2012

ConAgra Foods CEO Gary Rodkin has warned that the pressure on volume sales in the US is being felt across the industry.

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