From Investing.com: 2024-06-06 08:56:06

JM Smucker beat Wall Street profit estimates in Q4, thanks to higher condiment and frozen food prices. Gross margin for Dunkin’ pre-made coffee rose to 41.4%. Despite a 1% drop in sales to $2.21B, domestic pet food sales fell 42% after rising 9% last year. CEO Mark Smucker plans to implement price increases to counter rising costs. Company forecasts annual sales growth of 9.5% to 10.5%.



Read more at Investing.com: Jif peanut butter maker JM Smucker beats quarterly profit estimates on price hikes By Reuters