J.M. Smucker Sales Rise on Higher Coffee Prices

Core Insights - J.M. Smucker reported an increase in third-quarter sales, primarily driven by price hikes in its coffee division [1] - The company has lowered its sales growth forecast for the year due to a recent fire at one of its manufacturing facilities [1] Sales Performance - The increase in sales was attributed to strategic price increases in the coffee segment [1] - Specific figures regarding the sales increase were not provided in the excerpt [1] Forecast Adjustments - The company has revised its sales growth outlook downward for the year [1] - The revision is linked to operational disruptions caused by a fire incident at a manufacturing site [1]