- A price cut by J.M. Smucker (SJM +0.4%) on packaged coffee has more to do with competition from private-label grocery store brands than green coffee costs, according to analysts.
- "Coffee brands are seeking market share versus holding prices," notes Rabobank's Ross Colbert.
- Kroger (NYSE:KR), Safeway (NYSE:ABS), and Costco (NASDAQ:COST) are all aggressively selling their private-label brands in stores.
- J.M. Smucker sells coffee under the Folgers and Dunkin Donuts' brand names.
J.M. Smucker looks for coffee market share gains
Recommended For You
More Trending News
About SJM Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
SJM | - | - |
The J. M. Smucker Company |