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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
04/22/201520:25:23Keurig Green Mountain Cut to "Buy" at Vetr Inc. (GMCR)
04/15/201508:30:00Keurig Green Mountain Announces Timing of Fiscal Second Quarter...
04/14/201516:50:58Statement of Changes in Beneficial Ownership (4)
04/14/201516:50:05Statement of Changes in Beneficial Ownership (4)
04/14/201516:49:42Statement of Changes in Beneficial Ownership (4)
04/14/201516:49:14Statement of Changes in Beneficial Ownership (4)
04/11/201510:10:032 Reasons The Public Is Rejecting the Keurig 2.0
04/06/201507:53:19How To Use Market-Maker Price Range Forecasts In Portfolio Management:...
04/04/201511:41:02Surprise! Americans Are Most Loyal to This Packaged Coffee Brand...
04/02/201516:39:18Statement of Changes in Beneficial Ownership (4)
04/02/201516:38:53Statement of Changes in Beneficial Ownership (4)
04/02/201516:36:44Statement of Changes in Beneficial Ownership (4)
04/02/201510:00:00Dunkin' Donuts Makes K-Cup® Pods Available For Sale Online For...
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201522:39:33Policy Of Sharing Success With Shareholders Earns Dr Pepper Snapple...
03/31/201521:45:17The Most Volatile Stocks On Earnings
03/30/201508:18:47Keurig Green Mountain brings new brands into K-Cup family
03/30/201508:00:00Keurig Green Mountain and Reily Foods Company Announce Partnership
03/29/201517:11:20Starbucks' Social Responsibility Strength May Surprise You
03/29/201509:08:03The Coca-Cola Co: Why CEO Muhtar Kent Is Doubling Down on Soda

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