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Keurig Green Mountain Inc (GMCR)

  • Mar. 14, 2014, 6:05 PM
    • Keurig Green Mountain (GMCR) +2% AH on news it will replace WPX Energy (WPX) in the S&P 500 index, effective March 21.
    • WPX Energy will move down to the S&P MidCap 400, replacing GMCR.
    • Press release
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  • Mar. 14, 2014, 12:01 PM
    • Keurig Green Mountain (GMCR +7.7%) announces a multi-year agreement with Peet's Coffee & Tea to launch a variety of Peet's coffee and tea K-Cup products.
    • Financial terms between the companies weren't disclosed.
    | 1 Comment
  • 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
    • Keurig Green Mountain (GMCR +2.9%) and Starbucks (SBUX +0.1%) announce they have revised the terms of their five-year agreement.
    • Starbucks will receive a number of improved business terms for giving up the exclusivity agreement covering "super-premium" coffee.
    | 1 Comment
  • 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
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  • 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
    • Green Mountain Coffee Roasters (GMCR +0.9%) signs a 5-year deal with chocolate-maker Laura Secord.
    • The partnership will see Laura Secord products available in K-Cup packs at grocery stores and retail outlets.
    | 1 Comment
  • 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.
    • Press release
    • 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
    • A lawsuit filed by TreeHouse Foods (THS) alleges that Green Mountain Coffee Roasters (GMCR) used anti-competitive practices in the K-Cup market.
    • A spokesperson for the Vermont company says the suit is without merit, but GMCR shares are getting a little jolt in early action.
    • GMCR -1.6% premarket
  • Feb. 12, 2014, 7:15 AM
    • Krispy Kreme Doughnuts (KKD) and Green Mountain Coffee Roasters (GMCR) plan to partner together to bring Krispy Kreme's coffee brands to the Keurig system.
    • The products will be available at grocery and retail outlets by the end of this year.
  • Feb. 6, 2014, 12:46 PM
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  • Feb. 6, 2014, 9:15 AM
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  • 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.
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  • 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.
    • Press Release
    | 1 Comment
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Company Description
Keurig Green Mountain Inc is engaged in the coffee and coffeemaker businesses in the United States and Canada. It sells Keurig Single Cup brewers and roast high-quality Arabica bean coffees.