TAGS: office coffee service, OCS business, coffee, GMCR financial report, Green Mountain Coffee Roasters, K-Cup volume growth, single-cup coffee, coffee sales WATERBURY, VT -- Green Mountain Coffee...
TAGS: coffee, office coffee service, OCS business, vending, Green Mountain Coffee Roasters Inc., Lawrence J. Blanford, GMCR 2012 third quarter, Keurig single-up brewing system, K-Cup, Keurig Vue, Starbucks, Kroger's WATERBURY, VT -- Green Mountain Coffee Roasters Inc.'s net income increased 30% in the third quarter of fiscal 2012, pushed by demand for its Keurig single-up brewing system. Net income in the quarter ended June 23 was $73.3 million, or 47¢ a share, up from $56.35 million, or 38¢ per share, in the same period a year ago. Net sales increased 15% to $303.31 million, from $264.08 million a year
At the direction of its board of directors, Robert P. Stiller no longer serves as Green Mountain Coffee Roaster's chairman of the board and William D. Davis no longer serves as lead director of the board, effective immediately. Additionally, Stiller and Davis will no longer serve on any board committees and will not receive future payment for their service on the board until the board determines otherwise. These changes are the result of the actions taken by the board to address stock sales by Stiller's and Davis' brokerage firm, which sales were inconsistent with the company's internal trading policies.
Green Mountain Coffee Roasters Inc., Keurig, K-Cup, office coffee service, OCS business, vending, vending business, coffee news, Stephen L. Gibbs, Green Mountain accounting, K-Cup SEC reporting WATERBURY, VT -- Green Mountain Coffee Roasters Inc. has appointed Stephen L. Gibbs to the newly created position of vice-president and chief accounting officer. The company said it established the position to strengthen its accounting function and overall financial control environment. Gibbs will provide strategic leadership for the accounting operations, including financial reporting, accounting, tax, financial systems, policies and controls. He will report to chief financial officer and treasurer Frances G. Rathke. The
K-Cup, office coffee service, OCS, Keurig, single-cup coffee brewer, Starbucks, Tazo tea, Green Mountain Coffee Growers, vending, vending business WATERBURY, VT -- Starbucks coffee and Tazo tea will soon be available in K-Cups for use in the Keurig single-cup brewing system. The companies announced a deal with Green Mountain Coffee Roasters Roasters on March 10 that designates Starbucks as the exclusive licensed super-premium brand for the brewer for the duration of the agreement. Terms of the agreement were not disclosed. The Seattle coffeehouse chain and Vermont coffee roaster plan to sell Starbucks K-Cups through wholesale clubs, drugstores and grocery
Green Mountain Coffee Roasters Inc., Waterbury, Vt., announced that it has executed a share purchase agreement pursuant to which GMCR will acquire all the outstanding shares of LJVH Holdings, Inc. (Van Houtte), from an affiliate of Littlejohn & Co.