date:Jun 06, 2014
struggling to boost sales of its peanut butter and fruit spreads due to rising competition and consumers shifting away from artificially sweetened fruit spreads.
Ohio-based Smucker said it expects its K-cups - coffee pods used in Keurig Green Mountain Inc's single coffee brewers - to achieve modest volume growth in 2015.
The company's net income fell 9 percent to $118.5 million, or $1.16 per share, in the fourth quarter.
Excluding items, profit was $1.21 per share.
Net sales fell 8 percent