ORRVILLE, Ohio, May 24, 2016 /PRNewswire/ -- The J. M. Smucker
Company (NYSE: SJM) announced today a decrease in the list price
for the majority of its packaged coffee products sold in
the United States, primarily
consisting of items sold under the
Folgers® and Dunkin'
Donuts® brand names. Prices decreased an
average of six percent on impacted items in response to sustained
declines in green coffee costs. The Company's
K-Cup® pods were excluded from the price
decrease.
"For the last several quarters, lower green coffee costs were
reflected in promotional pricing for the majority of our packaged
coffee products, and we do not anticipate those prices changing
significantly," said Steve Oakland,
Vice Chair and President, U.S. Food and Beverage. "This list
price decrease provides an opportunity for consumers to benefit
from lower pricing on an everyday basis."
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 information does not pertain to Dunkin'
Donuts® coffee or other products for sale in
Dunkin' Donuts® restaurants.
About The J. M. Smucker Company
For nearly 120 years, The J. M. Smucker Company has been
committed to offering consumers quality products that bring
families together to share memorable meals and moments.
Today, Smucker is a leading marketer and manufacturer of consumer
food and beverage products and pet food and pet snacks in North
America. In consumer foods and beverages, its brands include
Smucker's®, Folgers®,
Jif®, Dunkin' Donuts®, Crisco®,
Pillsbury®, R.W. Knudsen Family®, Hungry
Jack®, Café Bustelo®, Martha White®, truRoots®,
Sahale Snacks®, Robin
Hood®, and Bick's®.
In pet food and pet snacks, its brands include Meow
Mix®, Milk-Bone®, Kibbles 'n
Bits®, Natural Balance®, and
9Lives®. The Company remains rooted in the
Basic Beliefs of Quality, People, Ethics, Growth, and
Independence established by its founder and namesake more
than a century ago. For more information about the Company,
visit jmsmucker.com.
The J. M. Smucker Company is the owner of all trademarks
referenced herein, except for the following, which are used under
license: Pillsbury® is a trademark of The
Pillsbury Company, LLC and Dunkin' Donuts® is a
registered trademark of DD IP Holder, LLC.
K-Cup® is a trademark of Keurig Green Mountain,
Inc., used with permission.
Photo - http://photos.prnewswire.com/prnh/20160523/370994
Photo - http://photos.prnewswire.com/prnh/20160523/370995
Logo - http://photos.prnewswire.com/prnh/20071219/SMUCKERLOGO
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SOURCE The J.M. Smucker Company