The JM Smucker, a US-based marketer and manufacturer of retail packaged coffee, sweetened condensed milk, health and natural foods beverages, peanut butter, shortening and oils, ice cream toppings and fruit spreads, has reported net sales of $5,525.8m for the full year ended 30 April 2012, an increase of 15%, compared to $4,825.7m for the full year ended 30 April 2011.

Reported operating income decreased 1% from $784.3m in fiscal 2011 to $778.3m in fiscal 2012.

Diluted income per share was constant with $4.06 for full year ended 30 April 2012, compared to $4.05 for the same period in fiscal 2011.

Non-GAAP income per diluted share was increased 1% with $4.73 and $4.69 for the years ended 30 April 2012 and 2011, respectively.

JM Smucker CEO Richard Smucker said they are pleased to have delivered another year of record sales and year-over-year earnings per share growth in a complex macroeconomic environment.

"As we look ahead, we will continue to invest in our portfolio of trusted brands, build upon our recent acquisitions, advance our extensive pipeline of innovation, further our supply chain productivity initiatives, and build upon the foundation being laid in China," Smucker said.

JM Smucker COO and president Vince Byrd said they remain committed to price leadership as demonstrated by their recent six percent price decrease on coffee.

"In this economic environment, it is important to continue to build our brands for the long term while maintaining our ability to quickly adjust our marketing tactics to meet ever-changing consumer needs," Byrd added.

The JM Smucker’s portfolio of brands includes Smucker’s, Folgers, Dunkin’ Donuts, Jif, Crisco, Pillsbury, Eagle Brand, RW Knudsen Family, Hungry Jack, Cafe Bustelo, Cafe Pilon, White Lily and Martha White in the US, and Robin Hood, Five Roses, Carnation and Bick’s in Canada.