Money M&M’s three new peanut-based flavors have arrived: Toffee, jalapeno and coconut January 31, 2019Zlati Meyer, USA TODAYComments Off on M&M’s three new peanut-based flavors have arrived: Toffee, jalapeno and coconut M&M's has three new flavors — English Toffee Peanut, Mexican Jalapeno Peanut and Thai Coconut Peanut — which hit store shelves this week.