Shares of The J.M. Smucker Co. (NYSE: SJM) stayed red on Monday. The stock has dropped 12% over the past 12 months. The branded foods seller is operating in an environment marked by pressures on consumer spending, and input inflation. Against this backdrop, the company is focusing its resources on the brands where it sees the largest opportunities for growth.
Priority brands
J.M. Smucker continues to see strong performances from a number of brands across its segments. These include the Uncrustables, Café Bustelo, Meow Mix, Milk-Bone, and Hostess brands. These brands continue to deliver sales growth and the company sees significant opportunity for further expansion, which has led it to prioritize its investments in them.
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