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Smucker profit forecast tops estimates despite rising coffee costs
date:Jun 06, 2014
to $1.23 billion, hurt by a 12 percent drop in sales in its U.S. retail coffee business as it cut prices to pass on lower green coffee costs realized during the year.

Analysts on average had expected Smucker to earn $1.16 per share on sales of $1.24 billion.

Smucker shares were up 1.5 percent at $104.44 in afternoon trading on the New York Stock Exchange on Thursday.

12/25 13:53