Aug 5 (Reuters) - Keurig Green Mountain Inc, the maker of K-Cup single-serve coffee pods, reported a 27 percent fall in quarterly profit as it grapples with slower-than-expected adoption of its new brewers.
Net income attributable to Keurig fell to $113.6 million, or 73 cents a share, in the third quarter ended June 27 from $155.2 million, or 94 cents a share, a year earlier.
Revenue fell 5.2 percent to $969.5 million.
The company also authorized the additional repurchase of up to $1 billion in shares over the next two years. (Reporting by Subrat Patnaik in Bengaluru and Anjali Athavaley in New York; Editing by Savio D’Souza)