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News Breaks
August 14, 2014
07:07 EDTGMCRKeurig Green Mountain announces price increase, effective November 3
Keurig Green Mountain announced a price increase of up to 9% on all portion packs sold by Keurig for use in its Keurig brewing systems and on all its traditional bagged, fractional packs, and bulk coffee products. This price increase will be effective beginning November 3.This price increase is in direct response to several factors affecting the cost environment in the coffee and consumer packaged goods industries, generally, including a sustained increase in the price of green coffee and cocoa, along with increases in packaging materials, energy, and transportation costs. Over the past year, green coffee prices, alone, have increased approximately fifty-five percent. “We have been closely monitoring increasing costs, including the cost of green coffee,” said John Whoriskey, President of U.S. Sales and Marketing at Keurig. “Many of our competitors already have implemented price increases in light of the reality of sustained input cost increases. After careful review, we determined that it is necessary for us to adopt a small price increase in light of these higher costs. We understand that consumers have many beverage options, and we will continue to innovate and price competitively to win consumers’ business.”
News For GMCR From The Last 14 Days
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September 26, 2014
06:13 EDTGMCRKeurig Green Mountain implied volatility of 31 at lower end of index mean range
September 25, 2014
08:33 EDTGMCRGreen Mountain's Keurig 2.0 launch trends positive, says Longbow
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September 22, 2014
07:17 EDTGMCRKeurig Green Mountain favorable antitrust ruling was expected, says KeyBanc
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September 19, 2014
17:22 EDTGMCRJudge denies JBR motion blocking sales of Keurig 2.0 brewer, Bloomberg reports
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16:13 EDTGMCRJudge denies JBR motion blocking sales of Keurig 2.0 brewer, Bloomberg reports
06:08 EDTGMCRKeurig Green Mountain implied volatility of 29 at lower end of index mean range
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