Wed, Feb. 4, 4:20 PM
- Keurig Green Mountain (NASDAQ:GMCR) reports sales in the U.S. segment rose 2% in FQ1.
- Portion pack sales rose 9% to $1.02B, while brewers and accessories sakes fell off 18% to $308M after a weak holiday period.
- Gross profit rate flat Y/Y at 33.5%.
- The margin rate was aided by a favorable sales mix and supply chain productivity, while brewing pricing was a drag.
- Inventories +67% to $781M at quarter end.
- Guidance: FY15 EPS forecast lowered to a mid single-digit rate due in part to to F/X concerns. Capex spending of $425M-$475M expected.
- GMCR -6.7% after hours.
Wed, Feb. 4, 4:02 PM| Comment!
Tue, Feb. 3, 5:35 PM
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Mon, Feb. 2, 10:19 AM
- A new plastic clip has been created by Roger Family Corporation to circumvent protection on Keurig Green Mountain (GMCR -0.5%) coffee machines that limits use to approved K-cups through a special ink recognition.
- Keurig Green Mountain lost its K-cup patent in 2012, but hasn't opened up its K-cup machines to all coffee distributors.
Fri, Jan. 23, 12:41 PM
- Companies selling coffee perked up their ears after Starbucks said it saw strong single-serve and packaged coffee sales during its most recent quarter and took market share.
- Grocery store analysts have noted the aggressive positioning of Starbucks products in many chains over the last six months.
- SBUX FQ1 report, SBUX earnings call.
- On watch: Keurig Green Mountain (NASDAQ:GMCR), Dunkin' Brands (NASDAQ:DNKN), Kraft Foods (NASDAQ:KRFT), J.M. Smucker (NYSE:SJM), TreeHouse Foods (NYSE:THS).
Thu, Jan. 22, 10:18 AM
Wed, Jan. 21, 8:35 AM| 1 Comment
Wed, Jan. 7, 11:36 AM
- Shares of Keurig Green Mountain (GMCR +4.7%) are higher after the company adds Dr Pepper to the lineup for Keurig Cold.
- The development is viewed by beverage industry analysts as a negative for SodaStream (SODA -0.1%), although Whitney Tilson might not agree.
- Tilson famously called Keurig Cold "vaporware" in his bull thesis on SODA.
- The Israeli company for its part seems to be looking beyond soda based on an investor presentation last November.
- Previously: Marketing at SodaStream to be all about water.
Wed, Jan. 7, 2:06 AM
- Keurig Green Mountain (NASDAQ:GMCR) has signed a deal with Dr Pepper Snapple (NYSE:DPS) to sell capsules that make its sodas in its planned cold-drink machine.
- The agreement gives Keurig Cold a serious edge over SodaStream (NASDAQ:SODA), as it now has two of the top three soda companies (the other one is Coca-Cola (NYSE:KO)) as partners for its new platform.
- Keurig expects to bring the new device to market in September.
- Previously: Green Mountain +38.3% AH in response to Coca-Cola deal (Feb. 05 2014)
Thu, Jan. 1, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 23, 2014, 8:06 AM
- Shares of Keurig Green Mountain (NASDAQ:GMCR) slide in early action following the recall of 6.6M coffee makers by the company.
- Previously: Keurig MINI Plus Brewing System recalled by company
- GMCR -3.1% to $135.50.
Dec. 23, 2014, 7:10 AM| 1 Comment
Dec. 15, 2014, 3:22 AM
- Keurig Green Mountain (NASDAQ:GMCR) is moving most of its U.S. coffee buying operations to Switzerland, after forming a new corporate entity called Keurig Trading GmbH there this past fall.
- "The core of our green bean coffee procurement for our global manufacturing operations will take place in Switzerland," said a Keurig spokeswoman, although she declined to comment on whether low taxes were a factor in the decision.
Dec. 10, 2014, 5:43 PM
- Citing "sustained increases in costs," J.M. Smucker (NYSE:SJM) is "increasing the list price on its K-Cup packs sold in the United States under the Folgers, Folgers Gourmet Selections, Cafe Bustelo, and Millstone brand names" by an average of 8%. The hikes go into effect on Jan. 5.
- SJM, along with Starbucks, is one of Keurig Green Mountain's (NASDAQ:GMCR) biggest K-Cup licensees. In May, Keurig and SJM expanded their partnership to cover new Keurig brewers.
Dec. 10, 2014, 1:49 PM| Comment!
Dec. 4, 2014, 4:14 PM
- Keurig Green Mountain (NASDAQ:GMCR) is buying the 85% of Bevyz it doesn't already own for €178M ($220M). The deal will be funded with cash on hand, and is expected to close in the next month.
- Bevyz, which has operations in The Netherlands and Malta, sells a single-portion drink machine (The Fresh) that can be used to make teas, coffees, juices, and sparkling beverages, along with related capsules. Keurig declares Bevyz provides it with "unique and complementary technology and research and development capabilities."
- Nonetheless, Keurig still plans to launch its Keurig Cold system (being developed with Coca-Cola) in the fall of 2015. The company is reiterating its FQ1 and FY15 (ends Sep. '15) guidance.
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