date:Jun 06, 2014
iness rose 6 percent to $95.7 million in the fourth quarter ended April 30, the company said on Thursday.
Smucker said it expects its peanut-butter business to be the key contributor to earnings in its consumer foods business in 2015 as it enters into new contracts at lower prices.
The company failed to benefit from a drop in peanut prices last year as it had signed long-term peanut purchase contracts unlike rivals such as Hormel Foods Corp, the owner of Skippy peanut butter.
Smucker has been