date:Feb 17, 2014
icer. Even last year, I believe, if I remember the numbers, the way we define new products, which are products that came out over a three-year window, it made up 10% of our total sales last year.
A series of short-term challenges, including shortfalls in peanut butter and fruit spreads, foreign currency headwinds and competitive pricing, contributed to a disappointing third quarter for the company. Smucker now expects a soft fourth quarter but remains optimistic about fiscal 2015, based on its