Yahoo Finance published this video item, entitled “Smucker’s CEO talks success of Uncrustables, Hostess, and value pricing” – below is their description.
J.M. Smucker (SJM) stock rose Tuesday morning after the company posted better-than-expected results for its fiscal second quarter. Comparable sales for the company rose 7% in its second quarter compared to last year. Most notably, sales of the company’s “Uncrustables” line of products rose 22%.
J.M. Smucker CEO Mark Smucker joins Yahoo Finance to discuss earnings results, as well as the recent sentiment around weight loss drugs and their potential impact on consumer food sales for companies and brands like Smuckers.
“We haven’t seen any meaningful impact at this point, of course, we are watching that very carefully. We are in the business to serve consumers, so we want to listen to them, to what they need,” Smucker says. “If you think about our broader portfolio, we have products that will meet the needs of consumers across the entire value spectrum, but also in the snacking space. Consumers continue to snack more than they used to.”
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