Keurig Doubles Shipments of Single Serve Coffee Brewers
The Keurig B70 Brewer - More than 193,000+
Keurig Brewers shipped in the 2nd quarter.
Coffee maker Green Mountain Coffee Roasters Inc. on Thursday said net income rose 89% in the fiscal second quarter as it more than doubled the number of Keurig brewers shipped to customers. Doubled. Wow. About 193,000 Keurig brewers were shipped, more than double the 84,000 shipped in the year-ago quarter. Shipments of its K-Cup single-serve packs rose 68% to 155 million.
We also know that Green Mountain Coffee has opened new facilities to make more K Cups, so there will be no shortages of K Cups as the demand grows exponentially from all of these new customers. Revenue rose 46% to $120.9 million from $82.8 million last year which is also pretty amazing given the current economic situation in the US.
This is going to be another banner year for Single Serve Coffee, let's hope some of the other single serve coffee makers also continue to have the same success.
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Posted by Jay Brewer at May 5, 2008 7:09 AM