J.M. Smucker Company announces coffee price decreases
The J. M. Smucker Company announced today that it decreased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers, Dunkin' Donuts, and Folgers Gourmet Selections brand names. Prices will decrease an average of six percent on impacted items.
The decrease in price is driven by declines in the green coffee futures market. The company is currently in its quarter-end quiet period and, therefore, will answer investor related follow up questions during its August 18, 2011, fiscal first quarter earnings conference call.