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The Independent UK
The Independent UK
World
Erin Keller

Not Peanut Butter Jelly Time! Brands report slides in popular spreads after customers cut back on sweet treats

J.M. Smucker Co. shares cracked under pressure after the company revealed a disappointing first-quarter performance, showing consumers pulling back from coffee, pet snacks, sweet baked goods, and fruit spreads.

Butter-up investors were left with a less appetizing taste as net sales cooled off.

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