Business

Growth is slowing, coffee company warns

Green Mountain has been the main player in the single-serve coffee industry, with its Keurig brewers and K-Cups.

Reuters/File 2012

Green Mountain has been the main player in the single-serve coffee industry, with its Keurig brewers and K-Cups.

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Shares of Green Mountain Coffee Roasters Inc. — described in a Dow Jones report as volatile — slid after the company warned growth is moderating in the coffee industry. Green Mountain expects its sales to be 14 to 18 percent higher in the current quarter; Wall Street is looking for 20 percent. Sales rose 16 percent to $1.34 billion in the latest quarter. Profit was $107.6 million, up from $104.4 million a year earlier.

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