ADVFN - Advanced Financial Network.
HOME» NASDAQ » G » GMCR Stock Price » GMCR Stock News

Green Mountain Coffee Roasters Share News

 Green Mountain Coffee Roasters (mm) Stock Price
GMCR Stock Price
 Green Mountain Coffee Roasters (mm) Stock Chart
GMCR Stock Chart
 Green Mountain Coffee Roasters (mm) Stock News
GMCR Stock News
 Green Mountain Coffee Roasters (mm) Company Information
GMCR Company Information
 Green Mountain Coffee Roasters (mm) Stock Trades
GMCR Stock Trades

Starbucks 'Bold' Single-Serve Move Could Rival Green Mountain

By Annie Gasparro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Green Mountain Coffee Roasters Inc. (GMCR) may be in for a rough road ahead, now that Starbucks Corp. (SBUX) has indicated its intention to enter the single-serve coffee space as the competition. Starbucks' Chief Executive Howard Schultz said in a memo Thursday that the company has "very bold" plans for its single-serve coffee. "At this nascent stage [in the single-serve coffee industry], there are numerous contenders but no demonstrated, long-term winners related to any format, geography or machine," he says. The memo, originally reported by CNBC, goes on to say that while Green Mountain has "emerged as an early leader ... patents alone do not determine market winners." Green Mountain shares closed down 7.7% Thursday at $40.71, and continued to fall in late trading. A Green Mountain spokeswoman wasn't immediately available for comment. Starbucks' long-standing distribution deal with Kraft Foods Inc. (KFT) expires March 1. As a result, speculation has been circling in recent weeks as to whether Starbucks will move on to partner with Green Mountain for its popular Keurig single-serve coffee machines and the K-Cup coffee packets that go with them. Investors seem to be interpreting Schultz's comments as essentially dispelling these rumors. Schultz notes in his memo that certain Green Mountain patents for the K-Cups expire in about 18 months, and that only 6% of households in the U.S. own a single-serve brewer, leaving plenty of room for a new competitor in the industry. Schultz also indicated that Starbucks foresees the industry leader in the U.S. as one with an open system, unlike the Keurig which is only compatible with K-Cups. Starbucks announced Tuesday it will provide single-serve coffee packets for up to 500,000 hotel rooms through a partnership with Courtesy Products. -By Annie Gasparro, Dow Jones Newswires; 212-416-2244; annie.gasparro@dowjones.com

Stock News for Green Mountain Coffee Roasters (GMCR)
DateTimeHeadline
05/20/201516:21:03Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/17/201508:41:10Keurig Green Mountain Buys SodaStream Some Time
05/16/201510:21:02Everything You Need to Know About Keurig Kold
05/15/201514:49:00EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities...
05/14/201522:09:00Investigation of Keurig Green Mountain, Inc. Announced by Glancy...
05/11/201515:00:02What Keurig's New Stance On DRM Means for Unlicensed K-Cups
05/09/201510:05:02Keurig K-Cup vs. Starbucks Verismo: One Sells More, But Which...
05/06/201517:28:45Trouble Brews at Keurig Green Mountain
05/06/201516:24:05Quarterly Report (10-q)
05/06/201516:08:55Current Report Filing (8-k)
05/06/201516:07:11Current Report Filing (8-k)
05/06/201516:00:00Keurig Green Mountain Names Peter G. Leemputte Chief Financial...
05/06/201516:00:00Keurig Green Mountain Reports Fiscal Second Quarter 2015 Results
05/06/201508:19:38MARKET SNAPSHOT: U.S. Stocks Set For Rebound With Jobs, Yellen...
05/06/201506:22:09MARKET SNAPSHOT: U.S. Stocks Set For Rebound With Jobs, Yellen...
05/05/201516:00:00Keurig Green Mountain Announces Webcast of Keurig KOLD Investor...
05/04/201520:10:20Keurig Green Mountain Stock Rating Upgraded by Vetr Inc. (GMCR)
05/04/201519:40:32Statement of Changes in Beneficial Ownership (4)
05/04/201519:38:42Statement of Changes in Beneficial Ownership (4)

Green Mountain Coffee Roasters and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad