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J.M. Smucker (SJM -9.6%) shares sink after FQ3 earnings fell 11% on a greater-than-expected drop...

J.M. Smucker (SJM -9.6%) shares sink after FQ3 earnings fell 11% on a greater-than-expected drop in sales volume, and weak 2012 guidance. "SJM is yet another company to point out lower consumer demand across the food industry," J.P. Morgan warns, a negative for grocers and food manufacturers "as consumers are no longer accepting higher retail prices."
Comments (3)
  • interesting.. real income was down 2% last year.. average salaires of jobs created in NYS post the recession are 40% less than jobs lost..

     

    aggregate demand is in for a long hog down..

     

    we got peak cattle too in the US.
    16 Feb 2012, 12:42 PM Reply Like
  • "as consumers are no longer accepting higher retail prices."

     

    As consumers are no longer able to afford higher retail prices, especially after putting a few gallons of gas in their tanks.
    16 Feb 2012, 12:48 PM Reply Like
  • Mr Noodle is cheap and with 1 dollar you can make dinner for the whole family. Just add water. *sarcasm*

     

    "as consumers are no longer accepting higher retail prices."
    I put that through google translation I got this...
    "They're broke"
    16 Feb 2012, 02:58 PM Reply Like
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