I don't want to spend too much time defending Smucker's (NYSE:SJM)
fiscal first quarter results, as I thought they were fine. Still, the
Street is likely to be concerned about the pace of growth in K-Cups and
the question of whether the company can maintain its significant share
in the retail coffee business against the likes of Kraft (Nasdaq:KRFT), Green Mountain (Nasdaq:GMCR), and Starbucks (Nasdaq:SBUX).
To the extent that history is any indication, I expect Smucker shares
will be fine, though the valuation has gotten a bit steep in a
still-expensive packaged food sector.
Continue here:
http://www.investopedia.com/stock-analysis/082113/history-suggests-street-will-get-over-disappointing-smucker-results-sjm-krft-gmcr-pf.aspx
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