Headquartered in Orrville, Ohio, The J.M. Smucker Company operates via U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. Orrville, Ohio, resident Jerome Monroe Smucker first pressed cider at a mill he opened in 1897. Later, J.M. Smucker additionally prepared apple butter. He sold this apple butter from the back of a horse-drawn wagon.
Today, The J.M. Smucker Company manufactures and markets branded food and beverage products globally. Its portfolio consists of #1 as well as leading brands. At least one of the Company’s products can be found in 93% of all United States households.
The Company has a plethora of brands, including: Smucker’s (and Smucker’s Natural, Smucker’s Toppings, Smucker’s Uncrustables) Jif, Pillsbury, Adams, Crisco, Crosse & Blackwell, Dickinson’s, Hungry Jack, Knott’s Berry Farm, Laura Scudder’s, MarthaWhite, Natural Brew, None Such, R.W. Knudsen, Sahale Snacks, Santa Cruz Organic, Tru Roots, and White Lily.
The Company’s Coffee brands include Folgers, Folgers Gourmet, Dunkin’ Donuts, Café Bustelo, Kava, Medaglia D’oro, and Pilon. Its Pet Food and Pet Snacks brands include Milk-Bone, Nature’s Recipe, Natural Balance, Kibbles ‘n Bits, Pup-Peroni, Milo’s Kitchen, Snausages, Gravy Train, Canine Carry Outs, 9 Lives, Meow Mix, and Pounce.
Dunkin’ Donuts K-Cup Pods were named one of top new consumer packaged goods products by IRI Market Advantage. This past July, Dunkin’ Brands Group, Inc., The J.M. Smucker Company, and Keurig Green Mountain, Inc. announced that over 300 million Dunkin’ K-Cup® pods were sold in the first year since being made available at retail outlets across the country. Sales totaled almost $220 million in IRI retail scanned data.
J.M. Smucker’s Canadian brands include Bick’s, Carnation, Double Fruit, Five Roses, Golden Temple, Robin Hood, Smucker’s Canada, Folgers Canada, as well as Adams Canada.
J.M. Smucker sells its products via direct sales and brokers to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, natural foods stores and distributors, and pet specialty stores. In addition, it sells its products through retail channels, and foodservice distributors and operators.
The Company’s “leading brands” are Jif, Smucker’s, Milk-Bone, and Folgers. Its smaller, but emerging brands are Café Bustelo, Sahale Snacks, Tru Roots, and Santa Cruz Organic.
J.M. Smucker has a #2 market share in the Mainstream Cat Food Category. Moreover, its Natural Balance pet food line is benefitting from distribution gains in pet superstores. Its U.S. Retail Pet Foods segment is experiencing ongoing profit growth and strong cash flow. For Q1 2017, the Company’s sales for Pet Snacks increased 2%. This is on top of a 9% increase in the year prior.
J.M. Smucker is the 8th largest Shelf-Stable Food and Beverage Manufacturer in the $252 Billion U.S. Center of the Store. Center of the Store refers to the relatively long, straight rows of shelves that are the essence of the grocery store paradigm. The Company’s on-trend segments are Natural and Organic ($350M net sales expected in Fiscal Year 2017), and Snacking.
J.M. Smucker’s Coffee business had Fiscal Year 2016 net sales of $2.6 Billion – 70% of this was from the Folgers brand. Volume gains for Folgers roast and ground coffee continued in Q1 2017. Furthermore, Folgers K-Cup volume trends improved in Q1 2017.
In July 2106, J.M. Smucker announced a 12% increase in its quarterly dividend rate.