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Thursday, Dec 6
2012, 11:30 AM
J.M. Smucker (SJM -0.2%) presented at a RBC Capital investor conference with growth objectives a...
J.M. Smucker (SJM -0.2%) presented at a RBC Capital investor conference with growth objectives a major focus. The company aims to see organic sales increase 3% to 4% and add another 2% to 3% to its top line through acquisitions. Product innovation hits a higher gear in 2013 with over 100 new items planned across a variety of categories. Of interest to coffee stock investors, J.M. Smucker says the K-Cup segment holds close to 20% of the total at-home coffee market now. For its part, the company expects K-Cup sales of $180M in FY12. (webcast, slides)