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Mar. 14, 2014, 11:07 AM
- The new deal signed by Starbucks (SBUX -0.1%) with Keurig Green Mountain (GMCR +3.7%) is a bet on the power of its brand, say analysts.
- The company is opening up competition on the premium end while giving itself a wide variety of K-Cup products it can offer to consumers.
- The road for new K-Cup players gets a little trickier with the super-premium category a tough place to grab market share and Starbucks now a force at differing price points.
- For Keurig, an increase in K-Cup volume and more competition on the high-end could be a boost.
Mar. 14, 2014, 10:50 AM
Mar. 11, 2014, 8:15 AM
- Green Mountain Coffee Roasters (GMCR) has changed its name to Keurig Green Mountain effective immediately.
- The company says the identity switch is due in part to the strength of the Keurig brand name.
- The coffee seller has a new logo to go along with its new name, but will still trade under the symbol GMCR.
- GMCR +0.8% premarket
Mar. 7, 2014, 11:48 AM
- K-Cup data from IRI gives a look at which coffee companies are showing the most momentum.
- Green Mountain Coffee Roasters (GMCR) is the market leader at 20% share, a tally which doesn't include partner brands such as Donut House (6%) or Revv (1%). Starbucks (SBUX) claims 13% and Folgers (SJM) is at 12% share.
- On a unit growth sales basis, Starbucks was up 47% Y/Y (period ending 1/26/14) to power past Green Mountain's 29% pace and Folgers at 22%.
- Private labels saw K-Cup unit growth of 471% as new brands emerged over the last year following patent freedom.
Mar. 4, 2014, 9:52 AM
Feb. 27, 2014, 11:17 AM
- Green Mountain (GMCR -1.8%) issued 16.68M shares of common stock sold to Coca-Cola (KO +0.3%) at a price of $74.98 each for total gross proceeds of $1.25B. As previously announced Green Mountain intends to ease the dilution from the deal by boosting its share buybacks. In addition, a portion of the proceeds will fund capex for the Keurig Cold beverage system.
- Previous coverage of the deal
- In other news, Green Mountain's Canada group announces a partnership with Laura Second - Canada's largest chocolatier - to bring Laura Second signature hot chocolate to K-Cup packs in fall of this year.
- Press release
Feb. 12, 2014, 8:40 AM| Feb. 12, 2014, 8:40 AM | 2 Comments
Feb. 12, 2014, 7:15 AM
Feb. 6, 2014, 12:46 PM
Feb. 6, 2014, 9:15 AM
Feb. 6, 2014, 8:10 AM
- KeyBanc raises its price target on Green Mountain Coffee Roasters (GMCR) to $150. The investment firm is being listened to after calling out just two months ago the potential for a Coca-Cola partnership with GMCR. Shares of GMCR are up 43.7% premarket to $115.50 - a level last seen in 2011.
- The deal is a positive for Coca-Cola (KO) as it refreshes its ability to enter a new category with growth potential, says Stephanie Link. If there's a concern, it's with Coca-Cola bottlers (CCE, COKE, KOF) who now have a risk to profitability.
- Shares of SodaStream (SODA) have recovered nicely from their initial plunge following the KO-GMCR news and are now off only 2.9% premarket. There's plenty of speculation that PepsiCo (PEP) will be tempted to match Coca-Cola's move into home beverage systems with a SodaStream deal.
- No panic with Starbucks (SBUX), +0.4% premarket, as analysts see the company's comfortable relationship with GMCR unaffected.
Feb. 5, 2014, 5:09 PM
- After coming off a halt, Green Mountain (GMCR) is blasting off in response to news the company has formed a long-term alliance with Coca-Cola (KO) that will result in the latter acquiring a 10% stake in the former.
- Green Mountain will be Coke's exclusive partner for "the production and sale of The Coca-Cola Company-branded single-serve, pod-based cold beverages." The companies will also "explore other future opportunities to collaborate on the Keurig platform."
- Green Mountain's Keurig Cold single-serve beverage system, which will support Coca-Cola pods, is expected to launch in FY15 (ends Sep. '15). The system will make "carbonated drinks, enhanced waters, juice drinks, sports drinks and teas."
- Coke is buying Green Mountain shares at a price of $74.98. Based on AH levels, the company is already staring at a 49% profit.
- Though investors are naturally focused on other matters, Green Mountain is guiding for FQ2 EPS of $0.93-$0.98, below a $1.02 consensus. Y/Y sales growth is expected to be in the low-to-mid single digit range; the consensus is for 8.1% growth. GMCR's guidance excludes a 4% dilutive EPS impact from the Coke deal.
- FY14 EPS is expected to be in a range of $3.75-$3.85 vs. a $3.82 consensus. Sales growth is expected to be in a high-single digit range; the consensus is for 8.4% growth.
- KO +0.6% AH.
Feb. 5, 2014, 4:41 PM
- Green Mountain Coffee Roasters (GMCR) reports an 8% Y/Y gain in pack revenue to $931M in FQ1 which helped to offset a dip in brewer and accessories sales.
- Gross margin improved 220 bps to 33.5% during the period as favorable green coffee costs kicked in.
- The company says it expects sales growth in the high single digits for FY14.
- Previous: GMCR partners with Coca-Cola.
- GMCR halted AH.
Feb. 5, 2014, 4:32 PM
- Green Mountain Coffee Roasters, Inc. (GMCR): FQ1 EPS of $0.96 beats by $0.06.
- Revenue of $1.38B (+3.0% Y/Y) misses by $20M.
Feb. 5, 2014, 4:32 PM
Feb. 5, 2014, 12:10 AM
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