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FEB 14, 2014 - Huffington Post

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Smucker Hurting As Shoppers Opt For Healthier PB&J

NEW YORK (AP) — J.M. Smucker may be in a bit of a jam. The food maker said Friday that its facing intensify peanut butter competition and that consumers are starting to shy away from artificially sweetened fruit spreads. In a conference call with investors, Smucker's President and Operating Chief Vincent Byrd said that the company's peanut butter competitors appeared to maintain a temporary cost advantage in its fiscal third quarter ended in January. Smucker anticipates that competition in the category will continue through the fourth quarter, but it expects to be ... Read More

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