date:Jun 06, 2014
J.M. Smucker Co forecast full-year profit above estimates as sales increased in its domestic consumer food business - which includes peanut butter and cooking oils - and despite rising coffee costs.
The company's coffee business, which includes the Folgers and Dunkin Donuts brands, is its largest by revenue.
Smucker, the biggest U.S. roaster, was forced to cut prices of packaged coffee earlier this year when arabica coffee prices plunged.
But arabica prices have jumped nearly 90 percent in th