The J. M. Smucker Co. announced that it decreased 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®, and Folgers® Gourmet Selections® brand names. Prices will decrease an average of 6 percent on impacted items.
The decrease in price is driven by declines in the green coffee futures market. The Company is currently in its quarter-end quiet period and, therefore, will answer investor related follow up questions during its Aug. 18, 2011, fiscal first 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. This press release does not pertain to Dunkin' Donuts® coffee or other products for sale in Dunkin' Donuts® restaurants.
