News

Dunkin' Donuts packaged coffee prices drop

August 15, 2011

The J. M. Smucker Company announced today that it decreased the list price for the majority of its coffee products sold in the United States, including items sold under the Dunkin' Donuts brand.

Also affected are the Folgers and Folgers Gourmet Selections brand names.

Prices will decrease an average of 6 percent on impacted items.

The decrease in price is driven by declines in the green coffee futures market. The company is currently in its quarter-end quiet period and, therefore, will answer investor-related follow-up questions during its Aug. 18 fiscal first quarter earnings conference call.

Dunkin' Donuts brand is licensed to The J. M. Smucker Company for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores and drug stores. This announcement does not relate to Dunkin' Donuts coffee or other products for sale in Dunkin' Donuts restaurants.

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