Some of the names on the move ahead of the open.» Read More
*Full-year profit forecast $5.65- $5.80/ shr vs est. *Fourth-qtr adjusted profit $0.98/ share vs est. June 4- J.M. Smucker Co reported a lower-than-expected quarterly profit, hurt by higher green coffee costs, and the company said it was offering discounts on its Folgers coffee to revive sales volumes, which plunged after price hikes last year.
*Weekly jobless claims fall to 276,000 vs est 279,000. June 4- U.S. stocks rebounded after the International Monetary Fund warned that the U.S. Wall Street was pressured earlier in the day due to a persistent selloff in the global bond market and a sharp fall in U.S. nonfarm productivity in the first quarter.
*No resolution as yet on Greece debt crisis. June 4- U.S. stock futures, weighed down by a selloff in global bond markets, trimmed some losses after weekly employment data showed U.S. jobless claims fell more than expected. Initial claims for state unemployment benefits dropped to 276,000 for the week ended May 30.
June 4- J.M. Smucker Co reported a lower-than-expected quarterly profit, hurt by higher green coffee costs and lower U.S. demand for its Folgers coffee after it raised prices. Sales in Smucker's U.S. coffee retail business fell 1 percent in the fourth quarter, the 10th straight quarter of decline, as demand was weak for its Folgers and Dunkin' Donuts packaged coffee.
*The European Central Bank's insistence on Wednesday that there was no need to adjust monetary policy in the face of volatility also rattled financial markets. *The Greece stand-off continued with Greek Prime Minister Alexis Tsipras emerging from late-night talks with senior EU officials in Brussels saying a deal with creditors was "within sight," but...
June 4- J.M. Smucker Co reported a quarterly loss, hurt by higher green coffee costs and lower U.S. demand for its coffee products after it raised prices. The company, also known for its Jif peanut butter, reported a net loss of $90.3 million, or 82 cents per share, for the fourth quarter ended April 30 compared with a profit of $118.5 million, or $1.16 per share, a year...
NEW YORK, May 6- Keurig Green Mountain will begin purchasing green coffee out of its new Switzerland office in June, a spokeswoman told Reuters on Wednesday, a move that has prompted a reshuffling of the coffee buying team of the largest U.S. roaster by sales. Late last year, Reuters reported that the Waterbury, Vermont- based coffee roaster and brewing technology...
This year, the U.S. dollar's relentless rise has forced some retailers in Europe and Canada to hike coffee prices, caving in to severe cost pressure even as concerns grow about declining demand. Germany's second-largest coffee roaster, Tchibo, raised prices on some of its 500 gram units by 20- 30 euro cents on March 2, spokesman Arnd Liedtke said.
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Feb 26- Dunkin' Brands Group Inc said on Thursday that its Dunkin' K-Cups will be available online and across retail stores in North America, a move that expands the doughnut chain's brand in the single-serve coffee market amid growing competition. Dunkin' K-Cups are available at present only in Dunkin' Donuts restaurants in the United States.
U.S. futures trimmed gains on mostly weak U.S. data but still signaled a mildly higher open as investors welcomed comments from Yellen's speech.
Some of the names on the move ahead of the open.
Feb 26- Dunkin' Brands Group Inc said its Dunkin' K-Cup packs would now be available online and across retail stores in North America through an expanded agreement with J.M. Smucker Co and Keurig Green Mountain Inc. Dunkin' Brands said the K-Cup packs will be sold online by various retailers starting spring. Dunkin' Brands also said it had reached a profit sharing...
Falling food input prices bode well for producers with limited global exposure, including Dean Foods and Hershey, an analyst said.
U.S. stocks closed at highs on Friday, with the S&P 500 setting a new record as firming oil prices sent the energy sector higher.
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Feb 13- J.M. Smucker Co said it expected its coffee business to get back on track later this year as bean prices stabilize and the company introduces smaller Folgers cans to win back customers it lost after raising prices. The company expects a modest decrease in net sales in the fourth quarter ending April as demand for its coffee products is likely to stay low due...