Credit Suisse Lowers Revenue Growth Estimates for Keurig Green Mountain

Loading...
Loading...
In a report published Friday, Credit Suisse analyst Mark Astrachan reiterated a Hold rating on
Keurig Green MountainGMCR
. In the report, Credit Suisse noted, “We reduce our F2015 and F2016 revenue growth estimates by 50bps to 11.2% and 10.8%, respectively, reflecting a deceleration in K-Cup sales in food, drug, and mass (FDM) channels in the most recent four-week period, including GMCR-owned brands up 0.7% y/y, the lowest-ever rate of growth. We anticipate further pressure on K-Cup sales as GMCR and select license partners increase prices high single-digits to offset coffee cost inflation (~20% of COGS).” Keurig Green Mountain closed on Thursday at $136.49.
Posted In: Analyst ColorReiterationAnalyst RatingsCredit SuisseMark Astrachan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...