Smucker coffee sales rise behind Dunkin', Cafe Bustelo

摘要

Coffee sales at retail are piping hot for the J.M. Smucker Co. The company's Dunkin' coffee net sales jumped 24% during the second quarter ended Oct. 31. Cafe Bustelo net sales were up 19%. "Bustelo, obviously, has a very strong South Florida and New York Latino base but continues to grow with non-Latino millennials," said Mark T. Smucker, president and chief executive officer of Smucker, in a Nov. 24 earnings call. Orrville-based Smucker in the quarter posted net income of $230.8 million, or $2.02 per share on the common stock, which was up 9% from $211.2 million, or $1.85 per share, in the previous year's second quarter. Net sales increased 4% to $2.03 billion from $1.96 billion behind growth in the US retail consumer foods and US retail coffee segments.