J.M. Smucker results boosted by pet food, coffee and snacking
date:Aug 23, 2018
er volume/mix also decreased net sales by 1 percentage point, reflecting declines for the Natural Balance brand and the discontinuation of certain Gravy Train products, partially offset by gains for the Nature's Recipe, Milk Bone, and Meow Mix brands. Segment profit increased US$2.6 million, reflecting the addition of Ainsworth. However, profit contributions from the Ainsworth acquisition reflected the unfavorable impact of the US$10.9 million fair value purchase accounting adjustment. Excluding
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