J.M. Smucker Co. on Thursday reported quarterly results that showed sales declines for some of its well-established brands, even as the company tries to reshape its business around changing consumer tastes.
Products like Jif, Crisco and Pillsbury hurt the company’s U.S. consumer foods segment, with net sales in that category down 1.8% from a year earlier, the company said. The company’s coffee segment, helped by Dunkin’ Donuts and Folgers brands, saw slightly better results, with net sales climbing 0.5%.
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