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.

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.

Advertisement