Metro

MARKET MOVERS

Keurig maker see sales growth slow

Brendan McDermid/Reuters

Green Mountain said full-year profit will be up to $2.50 a share, down from a forecast of up to $2.65. Analysts had projected $2.67.

Advertisement

Green Mountain Coffee Roasters said profit this year will be less than expected amid the slowest sales growth in five years. It’s seeing more competition from private-label capsules that fit into Keurig machines and from Starbucks, which plans to sell its own single-serve brewer. Second-quarter revenue rose 37 percent to $885.1 million. Net income was $93 million, or 58 cents a share, vs. $65.4 million, or 44 cents, a year earlier.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com