More on J.M. Smucker (SJM): Revenue gains struck even with price realization slightly lower during the quarter due to price declines on coffee. Volume strong for packaged coffee including the company's Dunkin' Donuts variety. Gross margin slipped 40 bps to 33.4% with selling, distribution, and administrative expenses up 9% Y/Y. K-Cup sales strong following Green Mountain Coffee Roaster's patent expiration, contributing 6 percentage points of segment net sales growth. (PR)
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