A trio of acquisitions and divestments in the packaged food industry at the turn of the new year suggest companies are taking a proactive and aggressive approach to rebuilding their businesses by reshaping their portfolios after industry stocks overall...
Higher prices are not stopping consumers from buying JM Smucker’s iconic coffee, spreads and snack brands, unlike with many competitors that have struggled with sliding volumes in direct proportion to inflation-related price increases.
JM Smucker, the maker of Folgers, Dunkin', Café Bustelo, Jif and Smucker's Uncrustables, is making strides towards its efforts to reduce energy and water use, improve renewable and recyclable packaging and reach zero waste targets -- but it...
Hot on the heels of the announcement that it is acquiring Hostess Brands, the JM Smucker Company said it is divesting the Seattle-based nut and trail mix producer under a focused ‘portfolio and resource optimisation’ plan to support continued growth.
With the acquisition of iconic snack cake maker Hostess Brands announced this morning, JM Smucker joins a growing list of packaged food companies padding their portfolios through acquisitions after several rounds of price hikes across categories begin...
JM Smucker is pulling back on prices for select brands while becoming more “surgical” about increases for others and investing in more promotions to drive growth by offering consumers some financial relief despite ongoing inflation and no competitive...
JM Smucker’s optimistic outlook for fiscal 2023 despite ongoing headwinds related to inflation, supply chain challenges, uncertainty about consumer spending and impact from its Jif peanut butter recall is notable as it is one of the first CPG companies...
The J.M. Smucker Co. is investing $1.1bn in a new manufacturing facility and distribution center in McCalla, Alabama, to meet high consumer demand for Smucker's Uncrustables frozen handheld sandwiches, bites, and rollups.
Despite beating first-quarter profit and sales forecasts, JM Smucker cut its full-year earnings outlook in the face of what CEO and president Mark Smucker described as “significant supply chain volatility, disruption and cost inflation” beyond that which...
JM Smucker will lose an undisclosed number of North American employees as it continues to reshape its portfolio and corporate organization to better align with evolving consumer demands and ongoing SKU rationalization by retailers, executives confirmed...
The great SKU rationalization last Spring caused by pandemic-related supply chain constraints and consumer stockpiling not only forced CPG companies to pause production temporarily of some products, but it prompted many to reevaluate their product mix...
The JM Smucker Co. is overhauling the marketing model that helped it build iconic brands like Jif peanut butter, Smucker’s jelly and Folgers coffee in an effort to disprove the emerging notion that ‘big food’ can’t innovate or, in some cases, even navigate...
Smucker on course to double net sales of Uncrustables to $500m+ in five years
Initial demand for JM Smucker’s new premium coffee brand 1850 has been stronger than expected, with research suggesting sales could be “highly incremental,” company execs told analysts this week in a Q4 earnings call dominated by questions about the lackluster...
