date:Aug 23, 2018
American made food manufacturer J.M. Smucker saw strength in its US retail coffee business in its Q1 2019 results, with sales up 2 percent to US$490m and profit up 20 percent to US$148m to offset softness in the US retail consumer foods business. Sales in the US retail pet foods business rose 29 percent to US$671m and profit edged up 3 percent to US$100m. Total adjusted operating income was up 5 percent during the quarter to US$317m.
The company updated its full-year fiscal 2019 outlook reflect