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.
Nov. 20, 2014, 2:26 PM
- Keurig Green Mountain (GMCR -8.2%) declines after the company sets its guidance lower and announces the resignation of CFO Frances Rathke.
- During the firm's conference call, execs noted that Increased competition in the single-serve market continues to impact margins in the coffee sector.
- What to watch: Analysts say the wildcard with Keurig is if share price slides further would Coca-Cola (KO +0.1%) be tempted to buy out the whole company. Opinion is divided.
- GMCR earnings call transcript
Nov. 19, 2014, 4:58 PM
- Keurig Green Mountain (NASDAQ:GMCR) reports revenue from portion packs grew 22% to $949M in Q3.
- Sales of brewers and accessories fell 5% to $182M during the period.
- The company's gross margin rate increased 160 bps to 37.6%, aided by a shift in mix and lower green coffee costs.
- Guidance: Sales growth at a high-single to low-double digit rate is expected for 2015.
- GMCR -1.6% AH.
Nov. 19, 2014, 4:02 PM| 2 Comments
Nov. 18, 2014, 5:35 PM
Nov. 17, 2014, 3:28 PM| 2 Comments
Nov. 5, 2014, 1:24 PM
- Greenlight Capital has abandoned its short position in Keurig Green Mountain (GMCR -0.7%), according to the hedge fund's Q3 letter.
- David Einhorn cites the "clever strategy" of GMCR management in re-closing the firm's ecosystem with the launch of the new non-backwards compatible brewing system.
- By using its leverage over retailers, Keurig has won back private label accounts and scored key licensing deals.
- "We congratulate the bulls," writes Einhorn.
Oct. 30, 2014, 9:44 AM
Oct. 17, 2014, 8:22 AM| 3 Comments
Oct. 7, 2014, 8:37 AM
- Shares of Keurig Green Mountain (NASDAQ:GMCR) are higher in early action despite a soft read from SodaStream (NASDAQ:SODA) on demand for home beverage systems.
- A strong initiation from Goldman Sachs on the stock is helping to offset any concerns on the category.
- Coca-Cola (NYSE:KO) has its eyes on the developments with its 10-year Keurig Cold partnership kicking off in 2015.
- If it's true that PepsiCo (NYSE:PEP) and Starbucks (NASDAQ:SBUX) have interest in SodaStream - there's some number-crunching going inside the C-suites there.
- GMCR +2.1% premarket, SODA -17.5%.
Oct. 7, 2014, 6:56 AM| 1 Comment
Oct. 6, 2014, 8:20 AM| Comment!
Oct. 2, 2014, 1:10 PM
- Arabica coffee futures reached a five-month high as a prolonged drought in Brazil now appears likely to impact next year's crop as well as this year's.
- Coffee watcher ICO estimates a 10M production bag deficit could result due to the weak crop amid an environment of rising global demand.
- Arabica coffee chart
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