May 8, 2013 / 8:16 PM / 5 years ago

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below