Smucker Cuts Prices on Folgers and Dunkin' Donuts Packaged Coffee

On Tuesday, jams-and-jellies purveyor J.M. Smucker Co. (NYSE: SJM  ) -- which also owns the Folgers brand, and licenses the Dunkin' Donuts packaged coffee brand -- announced it has cut the list prices for the majority of its packaged coffee products sold in the U.S.

Passing on savings from "sustained declines in green coffee costs," Smucker says it has reduced prices on its coffees by an average of 6% on those brands affected. Clarifying the import of its announcement for patrons of Dunkin' Brands' (NASDAQ: DNKN  ) doughnut shops, Smucker made clear that its price cut on packaged Dunkin' coffee sold in stores does not mean there will be a price cut at the Dunkin' restaurants. Smucker is licensed to sell Dunkin' Donuts packaged coffee products in outlets such as grocery stores.

Last year, Smucker conducted a similar round of price cuts which were quickly followed by price slashing at Kraft Foods' rival Maxwell House and Yuban coffee brands.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2266015, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:37:58 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
SJM $137.18 Down -0.69 -0.50%
J.M. Smucker CAPS Rating: *****
DNKN $50.11 Up +0.71 +1.44%
Dunkin' Brands Gro… CAPS Rating: ***
KRFT.DL $0.00 Down +0.00 +0.00%
Kraft Foods CAPS Rating: *****