From Nasdaq:

The J.M. Smucker company started out in 1897, selling apple butter before growing into the consumer-foods powerhouse it is today. In its fiscal 2023, it generated $1.6 billion in revenue from consumer foods, including jellies, peanut butter, and frozen sandwiches. The company’s surprising diversification has seen it generating 71% of its overall profits from pet foods and coffee. Smucker frequently changes its portfolio of products to grow revenue and maintain profit margins. With modest growth and a strong capital-allocation strategy, J.M. Smucker stock could likely generate positive returns over the next five years.



Read more: J.M. Smucker Is Known for Consumer Foods Such as Jellies and Ice Cream Toppings. But 71% of Its Profits Come From Different Product Categories Entirely.