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J.M. Smucker's fiscal 2021 closed April 30 with earnings up 12% due to a corporate restructuring driven by cost savings, an increased focus on e-commerce and a decision to split the sales teams into two areas of focus: pets and consumer foods and coffee, said CEO Mark Smucker. The company completed its exit from the baking category, which "allows us to optimize assortment to maximize productivity, reduce complexity and shift resources to our fastest-growing opportunities," added Smucker.

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