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J.M. Smucker 2nd-quarter profit soars on coffee

By SARAH SKIDMORE
,
AP
posted: 81 DAYS 8 HOURS AGO
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PORTLAND, Ore. -J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-20 17:38:07
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J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins.