Low pet food sales hurt Smucker’s earnings in Q1 2017
Net sales for pet foods segment decreased 6 percent.
Lower pet foods sales contributed to a first fiscal quarter overall net sales decrease of 5 percent for the J.M. Smucker Company compared to 2016, said Mark Smucker, president and CEO, in the companies’ earnings conference call on August 23.
“Net sales for our pet foods segment decreased 6 percent…