Smuckers fall most in nearly 40 years with tariff hit to profit

[Samori Toure]

Their coffee industry is getting hurt bad.

Smucker falls most in nearly 40 years with tariff hit to profit

JM Smucker Co. declined the most in nearly four decades after saying US tariffs increasing costs in its coffee business will hurt profit.

www.detroitnews.com

 

[tuckgod]

Grapes, strawberries, and peanuts grow just fine in America, they’ll be aight.

 

[Secure Da Bag]

Grapes, strawberries, and peanuts grow just fine in America, they’ll be aight.

CA and FL aren't growing those anymore?

 

[Strapped]

Excellent , no one needs all that sugar

 

[acri1]

This is just the beginning. This time next year the economy will probably be

 

[tuckgod]

CA and FL aren't growing those anymore?

Yes, they are and we got peanuts on lock here in Southern VA.

Can’t imagine why a peanut butter and jelly company would be paying tariffs on anything unless they were feeding us bullshyt put together by cheap foreign labor, and if that’s the case, I’ll add the tariffs putting them completely out of business to my evening prayer.

 

[Remote]

For those who didn’t bother to read the link:

Smuckers owns a couple of coffee brands and higher costs there are hurting them.

 

[Samori Toure]

For those who didn’t bother to read the link:

Smuckers owns a couple of coffee brands and higher costs there are hurting them.

Exactly.

 

[Rekkapryde]

Grapes, strawberries, and peanuts grow just fine in America, they’ll be aight.

My old company used to manage their products in our warehouses. They own a shyt load of brands.

And that was 20 years ago

 

[trapnerd]

Yes, they are and we got peanuts on lock here in Southern VA.

Can’t imagine why a peanut butter and jelly company would be paying tariffs on anything unless they were feeding us bullshyt put together by cheap foreign labor, and if that’s the case, I’ll add the tariffs putting them completely out of business to my evening prayer.

The tarrifs are hitting their coffee business.

 

[Killer Instinct]

As long as the Uncrustables are good.

 

[tuckgod]

The tarrifs are hitting their coffee business.

Good.

Break them up.

 

[Ed MOTHERFUCKING G]

Excellent , no one needs all that sugar

this isn't about Jelly

Smuckers owns

• Folgers
• Cafe Bustelo
• Carnation milk products
• Dunkin
• Adams peanutbutter
• JIF
• Meow Mix
• Milk Bone

etc

 

[Black Panther]

Grapes, strawberries, and peanuts grow just fine in America, they’ll be aight.

It clearly references Smuckers' coffee holdings, most of which we import. (We can't grow coffee here, unless you're in Hawaii.)

 

[HollywoodP]

Excellent , no one needs all that sugar

their reduced sugar strawberry jelly on a PB&J