Thu, Feb. 5, 8:40 AM
- Keurig Green Mountain (NASDAQ:GMCR) appears to be set for a weak open after the company's brewer sales disappointed in FQ1.
- A couple of snippets from the firm's conference call tell part of the story.
- "Quite simply our 2.0 launch got off to a slower start than we planned."
- "Single serve household penetration in the U.S. is still well below the 40 plus percent levels seen in other developed countries."
- Keurig earnings call transcript
- GMCR -7.1% premarket.
Wed, Feb. 4, 5:35 PM
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
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
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| 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.
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