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Bad coffee: Keurig Green Mountain stock plunges

2014-11-20 22:49:28| Food - Topix.net

There is absolutely nothing worse than a weak cup of coffee. And that's what Keurig Green Mountain investors were served Thursday.

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Smucker's says big coffee price increase was a 'misstep'

2014-11-19 23:24:12| Food - Topix.net

J.M. Smucker Co, the maker of Folgers coffee, said on Wednesday it made a "misstep" with its most recent price increase, which caused sales volumes to drop sharply as customers delayed purchases and shifted to cheaper private-label brands. "Clearly, we do feel that it was a bit of a misstep," Chief Executive Mark Smucker told analysts on a conference call after the company released fiscal 2015 second-quarter earnings.

Tags: price big increase coffee

J.M. Smucker Attractive Despite Downbeat Outlook on Coffee Sales

2014-11-15 22:34:21| Food - Topix.net

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Tags: sales coffee attractive outlook

Price increase drags down Smucker's coffee sales

2014-11-14 13:08:17| Food - Topix.net

J.M. Smucker Company's notable 9% list price increase on Folgers, Dunkin' Donuts and other packaged coffees in the U.S. announced last June has finally caught up with the food maker, dragging down its second quarter sales an expected 5%. The Orrville, Ohio-based firm announced Nov. 12 that its preliminary results for its second quarter ended Oct. 31 "were significantly impacted by volume declines in its U.S. retail coffee segment a due primarily to consumer response to higher promoted price points for its roast and ground coffee offerings in the second quarter as compared to the first quarter of this fiscal year."

Tags: price sales increase coffee