Folgers Coffee purchase gave Smucker one profitable jolt

Three straight quarters of record sales and earnings -- including profits that have more than doubled three times -- have a way of silencing your detractors.

"The proof in the pudding is what the market thinks of what you've done, and their stocks have gone up more than the markets have gone up," said Fariborz Ghadar, professor of global management, policies and planning, and founding director of the Center for Global Business Studies at Penn State University. "These guys have done better than the market -- in a very challenging environment."

Cleveland.com

Folgers Propels Smucker With Cheaper Jolt of Joe

J.M. Smucker Co.'s fiscal fourth-quarter earnings more than doubled, propelled by the purchase of Folgers, an acquisition that is dovetailing with consumers' desire for a less expensive cup of joe.

Wall Street Journal

Proof is in the pudding: Foodmakers cut offerings

Food companies from Sara Lee Food to H.J. Heinz are trimming their offerings to focus marketing dollars on their higher-margin, best-selling brands and retain consumers, who are trading down in the recession.

Those top brands are more likely to hold their own, and getting rid of lesser-performing brands helps companies showcase top products as retailers cut inventory. Heinz aims to remove two items for each one it introduces. Sara Lee hopes to cut its offerings 8 percent this fiscal year.

The Mercury News

Smucker Cuts Folgers, Dunkin' Coffee Prices

Smucker is cutting Folgers Ground prices by 3.5% (10 cents per 10.3-11.5 ounce can); Folgers Gourmet varieties by 7.8% (10 cents per 10 to 12 ounces); and Folgers instant by 4.4%.

MediaPost

Smucker closes deal for Folgers

Orrville-based Smucker on Thursday said it closed its $3 billion acquisition of Folgers, adding the business – the leading packaged coffee brand in the nation – to other former P&G brands the company owns, such as Jif peanut butter and Crisco.

Business Journal

Jelly Time!