More on J.M. Smucker’s (SJM) Q1 report: Price hikes offset higher green coffee costs. Sales (Y/Y): Retail coffee +27%, Consumer foods +2%, International, Foodservice, Natural Foods +12%. Affirms FY12 EPS guidance at $5.00-$5.15, lowers 20% sales growth projection due to 6% price decrease on coffee products. (PR)
Aug 18th
More on J.M. Smucker’s (SJM) Q1 report: Price hikes offset higher green coffee costs. Sales (Y/Y): Retail coffee +27%, Consumer foods +2%, International, Foodservice, Natural Foods +12%. Affirms FY12 EPS guidance at $5.00-$5.15, lowers 20% sales growth projection due to 6% price decrease on coffee products. (PR) Post your comment!
BofA upgrades Sara Lee ([[SLE]] +1.9%) to a Buy rating with a $21 price target, citing three principal drivers for shares: (1) growth in coffee sales; (2) $180M-$200M in potential cost savings; (3) reduced input costs. Also in the hopper for SLE is $545M it expects to realize from the sale of its dough business to Ralcorp ([[RAH]] +1.1%).
Aug 17th
BofA upgrades Sara Lee (SLE +1.9%) to a Buy rating with a $21 price target, citing three principal drivers for shares: (1) growth in coffee sales; (2) $180M-$200M in potential cost savings; (3) reduced input costs. Also in the hopper for SLE is $545M it expects to realize from the sale of its dough business… Read more
Smucker slashes coffee prices
Aug 16th
ORRVILLE, Ohio — J.M. Smucker Co. slashed prices across a majority of its coffee products, including the Folgers and Dunkin' Donuts brands, marking a sharp turn back from price increases …
J. M. Smucker Cuts Coffee Prices
Aug 16th
That Folgers in your cup will now cost you a little bit less. J.
J. M. Smucker Cuts Coffee Prices
Aug 16th
That Folgers in your cup will now cost you a little bit less. J.
Smucker Cuts Packaged Coffee Prices 6%
Aug 16th
ORRVILLE, Ohio (TheStreet) — J.M. Smucker cut the price of its Folgers and Dunkin’ Donuts brands of packaged coffee as commodity prices for green coffee beans came off decades-long highs.
The move to decrease consumer prices for packaged coffee sold in U.S. supermarkets reversed a trend seen earlier this year when Smucker raised coffee prices… Read more
Shares of Starbucks (SBUX) fall 2.2% premarket after J.M. Smucker (SJM) announces a 6% price cut on most of its coffee brands in what could be the opening salvo of a price war. Coffee futures have fallen lower since May after an extended run-up.
Aug 16th
Shares of Starbucks (SBUX) fall 2.2% premarket after J.M. Smucker (SJM) announces a 6% price cut on most of its coffee brands in what could be the opening salvo of a price war. Coffee futures have fallen lower since May after an extended run-up. Post your comment!
Smucker moves first to cut Folgers coffee prices
Aug 16th
BANGALORE (Reuters) – Top U.S. packaged coffee maker J M Smucker Co cut coffee prices by 6 percent for most of its brands including Folgers, on the back of a decline in the cost of green coffee, in a move that puts pressure on its rivals to follow suit.
Caribou Coffee ([[CBOU]] -6.2%) dips after the company announces Caribou Holding – a major stockholder – plans to sell its remaining 28% stake in the coffee maker in a 5.15M share secondary offering.
Aug 15th
Caribou Coffee (CBOU -6.2%) dips after the company announces Caribou Holding – a major stockholder – plans to sell its remaining 28% stake in the coffee maker in a 5.15M share secondary offering. Post your comment!
Endless Coffee Boom in Question: Caribou Insider Selling (CBOU, GMCR, SBUX, PEET)
Aug 15th
Caribou Coffee Company, Inc. (NASDAQ: CBOU) is just one of the companies in the coffee system that has enjoyed great returns of late. This retailer has chased the performance of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) after the Starbucks Corporation (NASDAQ: SBUX) recovery. So… What are investors to think when a top shareholder files… Read more
