This article was written by a staff member of TheStreet.
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"Our first-quarter performance fell short of our expectations primarily due to the timing of shipments and deflationary pricing in the coffee and peanut butter categories, as well as competitive activity in the premium dog food category," CEO Mark Smucker said in a statement.
He was a liberal on a number of issues, like gay rights and abortion. But he was also a staunch backer of minimal government and a prominent funder of Republican candidates for public office.
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