Packaged food maker J.M. Smucker forecasts annual profit below estimates
Packaged food makers, including J.M. Smucker, Kraft Heinz and Campbell's Co, have been raising product prices to counter higher costs from commodities, such as green coffee, which have hurt their sales. J.M. Smucker is also among the firms that have been facing the brunt of the Trump administration's ever-shifting tariff policy, which has disrupted businesses and rattled shoppers worldwide. "The current U.S. tariff impact on green coffee is our largest exposure that we will manage on top of navigating record-high costs for the commodity," said CEO Mark Smucker in a statement.