Reported about 16 hours ago
Shares of J.M. Smucker Co. fell 5% after the company reported a 22% profit decline in its coffee division due to tariffs imposed by the Trump administration, resulting in a first-quarter loss. The U.S. retail coffee sector, which includes Folgers, Dunkin', and Café Bustelo brands, struggled with higher commodity costs and unfavorable sales mix, leading to a revenue drop to $2.11 billion. Despite these challenges, the company raised its full-year sales growth forecast.
Source: YAHOO