Strong coffee sales energize JM Smucker earnings despite sticky slowdown of recalled Jif products

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Source: JM Smucker

Despite an ongoing recall of Jif peanut butter, JM Smucker eked out better than expected net sales thanks to the success of its popular coffee brands, including Café Bustelo, Folgers and Dunkin, and its Uncrustables brand – all of which faced their own set of challenges in the company’s first quarter of fiscal year 2023.