UPDATE: Keurig Green Mountain Raising Prices 9% on All Portion Packs Sold by Keurig for Use in Keurig Brewing Systems
Keurig Green Mountain (Keurig) (NASDAQ: GMCR) announced today a
price increase of up to 9% on all portion packs sold by Keurig for use
in its Keurig® brewing systems and on all its traditional bagged,
fractional packs, and bulk coffee products. This price increase will be
effective beginning November 3, 2014.
This price increase is in direct response to several factors affecting
the cost environment in the coffee and consumer packaged goods
industries, generally, including a sustained increase in the price of
green coffee and cocoa, along with increases in packaging materials,
energy, and transportation costs. Over the past year, green coffee
prices, alone, have increased approximately fifty-five percent.