J.M. Smucker Company (SJM) reported mixed first quarter results, but raised its profit forecast. CEO Mark Smucker tells Yahoo Finance Live that "results were strong" across all of the company's business units. One of the big areas of growth for the company has been its Uncrustables business, which Smucker says is "on fire" and set to deliver $800 million in sales this year. "We're still in growth mode, even on core peanut butter and jelly," Smucker says. "In the future, we will launch more products in that same format," Smucker explains, adding that they are looking how combinations of things like meat and cheese or egg and cheese could be part of future products.
J.M. Smucker earnings: Uncrustables business is 'on fire,' CEO says
08/30/2023 00:46
J.M. Smucker Company (SJM) reported mixed first quarter results, but raised its profit forecast. CEO Mark Smucker tells Yahoo Finance Live that "results were strong" across all of the company's business units. One of the big areas of growth for the company has been its Uncrustables business, which Smucker says is "on fire" and set to deliver $800 million in sales this year. "We're still in growth mode, even on core peanut butter and jelly," Smucker says. "In the future, we will launch more products in that same format," Smucker explains, adding that they are looking how combinations of things like meat and cheese or egg and cheese could be part of future products.
Reuters
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