The J. M. Smucker Company (NYSE: SJM) recently shared results for the second quarter ended October 31, 2009 of its 2010 fiscal year. Results for the three-month and six-month periods ended October 31, 2009, include the operations of The Folgers Coffee Company ("Folgers"). Net sales were up 52 percent in the second quarter of 2010 compared to 2009, due to the addition of Folgers.
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"Achieving another quarter of record results further affirms our strategy of owning and marketing center-of-the-store, number one food brands," commented Tim Smucker, Chairman of the Board and Co-Chief Executive Officer. "In support of our brands, we recently introduced new advertising, increased media support, and implemented multi-brand promotional events across our portfolio. Consumers continue to respond well to our brands, our product innovations, and the value we bring in helping to provide memorable meals and moments for their families." "With strong momentum in the first half of the year, and confidence in our strategy and our ability to execute this strategy, we are raising our outlook for the year," added Richard Smucker, Executive Chairman and Co-Chief Executive Officer. "We recently celebrated the one year anniversary of the Folgers merger, and appreciate the efforts of our employees in quickly achieving all key integration milestones. We continue to expect good performance from our portfolio of iconic brands."
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