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Mark Smucker, the CEO of J. M. Smucker Company, said the company is a meritocracy. Smucker, a fifth-generation leader, worked outside the company and got a graduate degree before joining. Family members must work outside the company and preferably hold a graduate degree. AdvertisementThe CEO said he was not always keen to join the family business as a child. "One is that you've got to work outside the company no matter what.
Persons: Mark Smucker, , Smucker's, Orville, Smucker, Fortune, William & Mary, you've, Richard, Richard Smucker, Thomas Kirk Organizations: Smucker, Service, William &, Arizona State, Brightstar Capital Partners, New York Magazine Locations: Orville , Ohio, Alabama, Argentina, South America, Danish
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker CEO on Q2 earnings: We are showing up for the consumer where they need us toMark Smucker, J.M. Smucker Co. CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, the state of the consumer, impact of inflation, and more.
Persons: Mark Smucker Locations: Smucker
“If they switch to different types of nutrients … we switch to different types of nutrients,” he said. Drugs like Ozempic could change how people eat, affecting food sellers. Big food companies are constantly evolving their products to adapt to consumer trends. And with wellness top of mind for many — not just people taking semaglutide drugs — companies have already tweaked their products in an effort to appeal to health-conscious consumers. “And then what is the churn rate?” To adapt to a possible shift, companies should be “planning for different scenarios,” she said.
Persons: Sean Connolly, , ” Connolly, ” Conagra, Duncan Hines, Marie Callender’s, Jaap Arriens, , Bernstein, Alexia Howard, ” Howard, John Furner, Morgan Stanley, Pamela Kaufman, Ding Dongs, Mark Smucker, Jody Dushay, “ Dieticians, Deidre McPhillips Organizations: New, New York CNN, Wall Street, Healthy, PepsiCo, Coca, Walmart, Bloomberg, CNN, Companies, Brands, Harvard Medical School Locations: New York
Mark Smucker, the CEO, said he isn't expecting any major changes soon to the company's plan. “Whether it’s this model, or some other model, I find it very hard to imagine a world where we go back to being in the office even four days a week, let alone five. ... There’ll be some form of this forever.”
Persons: Mark Smucker, There’ll,
Smucker CEO Mark Smucker goes one-on-one with Jim CramerJ.M. Smucker Chairman, President and CEO Mark Smucker joins 'Mad Money' host Jim Cramer to talk news that Smucker's is acquiring Hostess Brands for $5.6 billion.
Persons: Mark Smucker, Jim Cramer J.M, Jim Cramer Organizations: Smucker, Hostess Brands
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker CEO: The Hostess deal dovetails nicely as snacking occasions continue to growJ.M. Smucker Chairman, President and CEO Mark Smucker joins 'Mad Money' host Jim Cramer to talk news that Smucker's is acquiring Hostess Brands for $5.6 billion.
Persons: Mark Smucker, Jim Cramer Organizations: Smucker, Hostess Brands
Smucker , discussed his company's acquisition of Twinkie maker Hostess Brands on Monday with CNBC's Jim Cramer. Smucker said this move will help the company expand its snack offerings, noting how the two brands complement each other. Smucker highlighted his company's Uncrustable snack, a crust-less peanut butter and jelly sandwich, as a product that dovetails well with Hostess's shelf-stable sweet treats. Smucker said he's not worried consumers will lose their taste for sweet snacks, even as obesity drugs and emphasis on healthy eating permeate the U.S. zeitgeist. "Hostess has done such a nice job creating single-serve small portions that allow people to have snacking, sweet snacks, in moderation."
Persons: Mark Smucker, Smucker, CNBC's Jim Cramer, We're, he's Organizations: Hostess Brands, CNBC
Smucker has an RTO policy that requires workers to be on-site only during 22 "core" weeks. The Smucker model appears to be a hit with workers, who can live anywhere as long as they return for "core" weeks. Amazon's CEO Andy Jassy just told employees it was "past" time to commit to its return-to-office mandate of three days a week. Last week, Goldman Sachs told more of its workers to start coming into the office five days a week. Facebook/JifThe company has about 6,000 employees worldwide, but the "core" weeks program is targeted at the 1,300 corporate workers based at its Orrville headquarters.
Persons: Smucker, Andy Jassy, Goldman Sachs, Zoom, Uncrustables —, didn't, Smucker's, they're, Nicole Massey, Massey, Mark Smucker, Lakshmi Organizations: Service, Wall Street, Employees Locations: Orrville , Ohio, Wall, Silicon, San Francisco, Bay, Akron , Ohio, Lakshmi Varanasi, lvaranasi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker CEO on earnings, price increases and return to office policyMark Smucker, J.M. Smucker CEO, joins 'Squawk on the Street' to discuss how much appetite there is for price increases in Smucker's business, how Smucker's looking at margins, and much more.
Persons: Mark Smucker
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker CEO on earnings: Our consumers have been incredibly resilientJ.M. Smucker CEO Mark Smucker joins 'Squawk Box' to discuss the company's quarterly earnings results, the state of the consumer, inflation impact, and more.
Persons: Mark Smucker
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker beats Q4 EPS estimates; CEO breaks down fundamentalsJ.M. Smucker CEO Mark Smucker joins 'Squawk Box' to discuss the company's quarterly earnings results, why the company saw so much growth, and more.
J.M. Smucker Company raises full-year sales and profit forecast
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ.M. Smucker Company raises full-year sales and profit forecastMark Smucker, J.M. Smucker Company CEO, joins CNBC's 'Squawk Box' to break down the company's latest quarterly earnings report, which beat Wall Street's top and bottom lines estimates.
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