date:Jun 09, 2014
J.M. Smucker Co. believes it has put its higher peanut costs behind, putting the maker of Jif on a path to grow its peanut butter business. Company executives in a June 5 conference call with analysts cited some of the companys specialty alternative Jif line extensions as a driving force behind a 6% increase in segment operating profit in J.M. Smuckers U.S. Retail Consumer Foods unit in the fourth quarter of fiscal 2014. More success is expected in fiscal 2015.
Richard Smucker, chief executive