U.S. stocks retreated, following five successive records for the Standard & Poor’s 500 Index, as the Federal Reserve Bank of Philadelphia President Charles Plosser said he favors scaling back the central bank’s pace of stimulus.
Green Mountain Coffee Roasters Inc., the maker of Keurig single-serve brewers, rose the most in more than two years after boosting its profit forecast on higher K- Cup sales and announcing an expanded partnership with Starbucks Corp.
Green Mountain Coffee Roasters Inc., the maker of Keurig single-serve brewers, rose to the highest price in more than a year after boosting its profit forecast on higher K-Cup sales and announcing an expanded partnership with Starbucks Corp.
Starbucks Corp., the world’s largest coffee-shop operator, announced it will add brands, including Seattle’s Best Coffee, to its K-Cup lineup with a five-year agreement with Green Mountain Coffee Roasters Inc.
SodaStream International Ltd., the Israeli maker of home soda machines, is beating Green Mountain Coffee Roasters Inc. in the stock market after trailing last year on prospects new partnerships will boost sales.
With Green Mountain Coffee Roasters Inc. poised to report its slowest quarterly sales growth since 2005, Chief Executive Officer Lawrence J. Blanford faces pressure to prove the company is a sustainable business.
Green Mountain Coffee Roasters Inc. stripped founder Robert P. Stiller of his position as chairman after he sold shares to meet a margin call at a time when the company’s trading policies prohibited such sales.