Smucker Falls Most in Nearly 40 Years With Tariff Hit to Profit

Smucker says tariff-fuelled price hikes will weigh on profit

JM Smucker Co. said U.S. tariffs increasing costs in its coffee business will weigh on profit this fiscal year. Find out more here

J.M. Smucker Reports 4Q Sales Decline, Snack Category Falls 72% - RetailWire

J.M. Smucker, maker of Jif peanut butter and Folger’s coffee, posted disappointing earnings in the last quarter. For the year, the company sees tariffs, high prices, and a shift in consumer habits as the main headwinds moving forward. For the three-month period that ended April 30, the Orrville, Ohio-based company revealed a profit loss of $729 million, or $6.85 per share. In contrast, J.M. Smucker earned $245.1 million, about $2.31 a share, in …

Smucker Falls Most in Nearly 40 Years With Tariff Hit to Profit

Smucker falls most in nearly 40 years with tariff hit to profit

JM Smucker Co. declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit, continuing a challenging run for the biggest US packaged food producers.

Smucker Falls Most in Nearly 40 Years as Tariffs Hit Profit

Higher coffee prices on the horizon as JM Smucker seeks to offset tariff impact

Folgers and Café Bustelo maker JM Smucker joins a growing group of CPG manufacturers and retailers raising prices to offset the Trump administration’s sweeping tariffs, including a 10% tariff on imports across the board