People are eating Jif peanut butter with Smucker’s jelly, and maybe washing it down with some Folger’s coffee because they lost their jobs and can’t afford to go to Starbucks anymore.
But if it’s Smucker’s, it’s got to be good. J.M. Smucker Co.’s second-quarter profit is more than double what it was last year thanks to recessionary eating habits and its acquisition of Folgers.
“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,” said Chairman and Co-CEO Tim Smucker.
Click here to read more from the Associated Press.
