Folgers No. 1 cup of Joe in America; coffee snobs may cringe
A coffee connoisseur may look for balanced flavors, acidity and proper brewing technique in their cup of Joe, but America’s palate prefers a more simpler brew: Folgers.
J.M. Smucker Co., the maker of Smucker’s jam and Folgers coffee, reported Wednesday that volume of its U.S. retail coffee, which includes Folgers, increased 4% in the three-month quarter that ended July 31.
The company said its U.S. retail coffee segment profit increased 16% to $19.6 million in the first fiscal quarter of 2014 compared to the same period a year earlier.
Interactive feature: The great L.A. Coffee map
Folgers, much to the chagrin of coffee snobs, is still the leading brand sold on the U.S. market, according to Bloomberg Businessweek. Folgers had an average market share of 15.6% in the U.S. from May to July.
Starbucks, by comparison, had a 3.3% market share.
According to a 2013 ranking of brands by Harris Poll EquiTrends, Folgers is the No.1 ranked coffee brand. That’s ahead of Seattle’s Best and Dunkin’ Donuts coffee -- another Smucker-owned brand.
Folgers coffee dates back to 1850, when it was first made in San Francisco. The Proctor & Gamble Co., which acquired the brand in 1963, sold the label to J.M. Smucker in 2008.
ALSO:
Double Stuf Oreos may not be double stuffed after all
Many Americans don’t understand fine print of credit cards
J.C. Penney adopts poison-pill defense after disappointing earnings
