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Smucker's says big coffee price increase was a 'misstep'
2014-11-19 23:24:12| Food - Topix.net
J.M. Smucker Co, the maker of Folgers coffee, said on Wednesday it made a "misstep" with its most recent price increase, which caused sales volumes to drop sharply as customers delayed purchases and shifted to cheaper private-label brands. "Clearly, we do feel that it was a bit of a misstep," Chief Executive Mark Smucker told analysts on a conference call after the company released fiscal 2015 second-quarter earnings.
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coffee
Brent oil price drops towards $78 amid increase in Saudi Arabia crude exports
2014-11-19 01:00:00| Offshore Technology
The price of Brent crude oil dropped towards $78 a barrel today amid increased crude exports data from Saudi Arabia in September.
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increase
oil
arabia
Price increase drags down Smucker's coffee sales
2014-11-14 13:08:17| Food - Topix.net
J.M. Smucker Company's notable 9% list price increase on Folgers, Dunkin' Donuts and other packaged coffees in the U.S. announced last June has finally caught up with the food maker, dragging down its second quarter sales an expected 5%. The Orrville, Ohio-based firm announced Nov. 12 that its preliminary results for its second quarter ended Oct. 31 "were significantly impacted by volume declines in its U.S. retail coffee segment a due primarily to consumer response to higher promoted price points for its roast and ground coffee offerings in the second quarter as compared to the first quarter of this fiscal year."
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sales
increase
coffee
Sappi: Profit increase cheers share price
2014-11-11 08:37:39| Paper - Topix.net
SAPPI, the world's biggest producer of dissolving wood pulp, climbed the most in more than four months after returning to profit amid an increase in sales and reduction of debt. The stock advanced as much as 5.9 percent, the most on an intraday basis since July 8, in Johannesburg yesterday.
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share
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profit
Huber Announces Price Increase for Industrial Ground Calcium Carbonate
2014-11-05 06:00:00| Coatings World Breaking News
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increase
industrial
ground
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