The J. M. Smucker Company announces coffee price decreases
The J. M. Smucker Company announced that it decreased the list price for the majority of its packaged coffee products sold in the United States, primarily consisting of items sold under the Folgers, Dunkin' Donuts , Millstone and Cafe Bustelo brand names. Prices decreased an average of six percent on impacted items in response to sustained declines in green coffee costs. The Company is currently in its quarter-end quiet period and, therefore, will answer investor related questions during its June 7, 2012, fiscal fourth quarter earnings conference call.
Dunkin' Donuts brand is licensed to The J. M. Smucker Company for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, and drug stores. This press release does not pertain to Dunkin' Donuts coffee or other products for sale in Dunkin' Donuts restaurants.