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Actionable news in SJM: THE J.M. SMUCKER COMPANY,

Smucker's revenue misses on lower Folgers coffee, pet food sales

J.M. Smucker reported a bigger-than-expected drop in quarterly revenue, hurt by lower sales of its Folgers coffee and pet snacks.

Smucker's U.S. coffee sales fell 7 percent in the third quarter ended Jan. 31, while profit dropped 12 percent as lower pricing and higher commodity costs weighed.

Cheaper private-label coffee is eating into demand for Smucker's Folgers brand, while its premium Dunkin'...


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