J.M. Smucker Faces Coffee Cost Surge, Sales Drop
Update: 2025-11-25
Description
J.M. Smucker, known for brands like Folgers and Jif, faces profit challenges due to soaring coffee costs and increased tariffs on Brazilian imports. This, coupled with consumer shift towards cheaper store-brand products and government shutdown uncertainty, led to a six percent drop in U.S. coffee sales and an eight percent decrease in pet food business volume. Despite these hurdles, the companys net sales for the second quarter slightly surpassed expectations, reaching $2.33 billion.
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