J.M. Smucker

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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.

CAGNY: Smucker plans foray into speciality nut butters

22 Feb 2012

US peanut butter maker JM Smucker has revealed that it is planning to branch out into speciality nut butters, with two significant product launches planned for the category.

CAGNY: Smucker responds to volume pressure with value focus

22 Feb 2012

JM Smucker has said it will focus on reinforcing the value of its brands to respond to the pressure on consumer spending in the US, which has hit volumes within its consumer foods business.

US: Higher costs hit JM Smucker Q3 profits

16 Feb 2012

US food maker JM Smucker has reported a drop in third-quarter profits, hit by higher costs of edible oils, peanuts, flour and green coffee.

2012 - Supermarket battles to drive supplier M&A

6 Feb 2012

Some of the world's largest retailers struggled in 2011, which promises to mean even more intense competition in 2012. What could this mean for suppliers? Ultimately, it could mean the industry witnesses more consolidation this year.

On the money: Hain Celestial eyes global growth opportunities

2 Feb 2012

The CEO of Hain Celestial has told analysts that the US food company will look to make more acquisitions this year, in the US and Asia.

US: Hain Celestial posts "record" H1 profits

2 Feb 2012

US food company Hain Celestial has hailed "record" first-half profits, boosted by expanded distribution and the acquisition of UK firm Daniels Group last year.

2011 in review - M&A activity fails to meet expectations

22 Dec 2011

A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.

US: Salmonella scare leads Smucker to recall peanut butter

18 Nov 2011

US food maker JM Smucker has recalled batches of peanut butter amid concerns the products could be contaminated with salmonella.

US: JM Smucker posts Q2 profit drop, cuts FY forecast

18 Nov 2011

Shares in JM Smucker closed down yesterday (17 November) after the US food group reported a fall in quarterly profits and cut its guidance for annual earnings.

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