In a blow to Green Mountain Coffee Roasters, Starbucks announced yesterday that it would enter the single-brew coffee machine business, a category dominated by Green Mountain.
The news sent shares of the Keurig manufacturer down 24 percent after the bell.
This should not come as a surprise to shareholders. Analysts have asked repeatedly on quarterly conference calls about the expiring patent portfolio, which executives had difficulty answering.
Green Mountain Coffee Roasters announces earnings after the bell today and analysts are on edge. The company has fallen a grim 40% since a report from David Einhorn, CEO of Greenlight Capital, leaked that raised questions of fraud a... Read Post
This fall, Green Mountain Coffee Roaster's Keurig-cup patents fall, and The Kroger Company will be sure to capitalize. Earlier today, Kroger announced that it will start selling store-branded coffee that fits into the Keurig brewing... Read Post
Green Mountain Coffee Roasters missed analyst expectations yesterday, sending the stock down nearly 40% today. Revenue for the Keurig manufacturer grew 91%, to $711 million, but was below both company and Wall Street guidance of $75... Read Post