date:Jun 07, 2013
in its U.S. retail coffee business rose 4.5 percentage points on falling coffee bean prices.
Smucker, which reported a 13 percent rise in adjusted profit for the quarter, said it expected 2 percent growth in its U.S. retail coffee and food business for the year but this would be offset by lower sales in its international business.
But while Smucker did not benefit much from declining peanut costs, a drop in green coffee prices helped the company's coffee business, which accounted for about 40