Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs

Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating costs of packaging and raw materials. Shares of the company rose about 3% in premarket trading as it also beat Wall Street estimates…

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