The J. M. Smucker Co. announced today that it increased the list price for the majority of its coffee products sold in the U.S., primarily consisting of items sold under the Folgers®, Dunkin' Donuts®, Millstone®, and Folgers® Gourmet Selections® brand names. Prices will increase an average of 11 percent on impacted items.
The increase in price is driven by sustained increases in green coffee costs. The company is currently in its quarter-end quiet period and, therefore, will answer investor related follow up questions during its June 9, 2011, fiscal fourth quarter earnings conference call.
Dunkin' Donuts® brand is licensed to The J. M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, and drug stores.