date:Jun 06, 2014
ree months, allowing Smucker to raise list prices for the first time since 2011 on most of its U.S. packaged coffee.
The company, which also makes Jif peanut butter and Crisco oils, forecast full-year adjusted earnings of $5.95-$6.05 per share. It expects sales to rise about 5 percent, implying revenue of about $5.9 billion.
Analysts on average were expecting earnings of $5.98 on revenue of $5.77 billion, according to Thomson Reuters I/B/E/S.
Profit in the company's domestic consumer food bus