0819 ET - J.M. Smucker is walking back price increases across its coffee division as commodity outlooks improve. The company raised prices last year, as adverse weather in top coffee-producing countries hurt supply and President Trump's tariffs increased the cost to import coffee beans. But now, the owner of Folgers coffee says it is beginning to see a moderation in the green coffee commodity, supported by positive early indications for this year's crop. "As we have done historically, we will adjust pricing as our cost structure improves to continue to deliver value to our consumers," CEO Mark Smucker says in prepared earnings remarks. "We have started to lower prices through trade investments, and in a sustained deflationary environment we have planned a list price decrease." (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 08:19 ET (12:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.