Uncrustables helps lift Smucker to 1% sales increase

by Jeff Gelski
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Smucker's Uncrustables
Smucker has begun constructing a Smucker's Uncrustables production facility in Longmont, Colo.
 

ORRVILLE, OHIO – High single-digit sales growth for its Uncrustables brand helped lift the J.M. Smucker Co. to a 1% sales increase in the second quarter ended Oct. 31.

Orrville-based Smucker posted net income of $194.6 million, equal to $1.71 per share on the common stock, which was up 10% from $177.3 million, or $1.52 per share, in the previous year’s second quarter. Net sales of $1,923.6 million compared with $1,913.9 million.

The Uncrustables brand is part of the company’s International and Away From Home segment, which had a net sales increase of 5% and a profit increase of 4%. Within the segment, contributions from favorable volume/mix and foreign currency exchange were offset partially by expenses related to the construction of the Smucker’s Uncrustables production facility in Longmont, Colo.

Mark Smucker
Mark Smucker, president and c.e.o. of Smucker

“When complete in fiscal 2020, we will have the capacity to double net sales (for Uncrustables) from the $250 million level we project for the current fiscal year,” said Mark T. Smucker, president and chief executive officer, in a Nov. 16 earnings call.

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