Management's Discussion and Analysis
Management’s Discussion and Analysis The J. M. Smucker Company EXECUtiVE SUMMARY In each of the U.S. retail market segments, the Company’s products For more than 110 years, The J. M. Smucker Company (“Company”), are sold primarily to food retailers, food wholesalers, drug stores, club headquartered in Orrville, Ohio, has been committed to offering stores, mass merchandisers, discount and dollar stores, and military consumers trusted, quality products that bring families together to commissaries. In the Special Markets segment, the Company’s prod- share memorable meals and moments. Today, the Company is a ucts are distributed domestically and in foreign countries through retail leading marketer and manufacturer of fruit spreads, retail packaged channels, foodservice distributors and operators (e.g., restaurants, coffee, peanut butter, shortening and oils, ice cream toppings, schools and universities, health care operators), and health and natural sweetened condensed milk, and health and natural foods beverages foods stores and distributors. in North America. STRATEgiC ELEMENTS Its family of brands includes Smucker’s, Folgers, Dunkin’ Donuts, Jif, The Company remains rooted in its Basic Beliefs of Quality, People, Crisco, Pillsbury, Eagle Brand, R.W. Knudsen Family, Hungry Jack, Ethics, Growth, and Independence, established by its founder and Café Bustelo, Café Pilon, White Lily, and Martha White in the United namesake, Jerome Smucker, more than a century ago. Today, these States, along with Robin Hood, Five Roses, Carnation, Europe’s Best, basic beliefs are the core of the Company’s unique culture and serve and Bick’s in Canada. In addition to these brands, the Company as a foundation for decision making and actions.
[Show full text]