Green Mountain posts higher profit, expands Starbucks partnership
May 8 (Reuters) - Green Mountain Coffee Roasters Inc reported higher quarterly earnings on Wednesday, helped by strong sales of its K-Cup packages, and said it had expanded an agreement with Starbucks.
The maker of Keurig single-serve brewers and the K-Cups that go with them said net income was $132.4 million, or 87 cents per share, in the fiscal second quarter ended on March 30, compared with $93.0 million, or 58 cents per share, a year earlier.
Green Mountain and Starbucks said they had entered into an expanded partnership governing Starbucks and Tazo-branded K-Cups. Financial terms were not disclosed.
- Restraint marks Ferguson, Missouri protests for third straight night |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- Trucks from aid convoy to Ukraine start crossing back into Russia |
- U.S. hostage rescuers dropped from night sky: Syria activist