date:Jun 07, 2013
percent of revenue.
Sales the U.S. retail coffee business fell 1 percent but volume increased 6 percent, led by Folgers, Dunkin' Donuts packaged coffee and K-Cups coffee pods.
Gross margins in the U.S. food business, which includes peanut butter, shrank by 1.2 percentage points in the fourth quarter ended April 30, while margins in the U.S. retail coffee business rose 4.5 percentage points as bean prices fell.
Smucker has been cutting prices of Folgers, its flagship coffee brand, and other p