Keurig Q2 Net Rises 22.4 Percent

Keurig Green MountainWATERBURY, Vt.-Strong sales and a tight hand on expenses propelled Keurig Green Mountain to a 22.4 percent jump in second-quarter net income, to $162.1 million.

Net sales rose 9.8 percent to $1.1 billion in the quarter, which ended on March 29. Selling, general and administrative expenses were flat in dollars and declined by 109 basis points as a percentage of sales, to 11.3 percent. Gross margin edged up 15 basis points to 41.5 percent.

Brian Kelley, Keurig Green Mountain's president and CEO, said the positive performance on both the top and bottom lines, after a healthy holiday season, "demonstrates the continued opportunity to grow our Keurig system in North America in a very competitive environment." Kelley said the company drove strong sales of both brewers and portion packs and accelerated its installed base during the quarter. Portion-pack sales were up 13 percent, while brewers and accessories gained 9 percent in sales.

Kelley added that the company's short-term focus will be on introducing the Keurig 2.0 hot system, bringing in additional brands as new partners and preparing for the launch of the Keurig cold system in 2015. Meanwhile, Keurig Green Mountain is anticipating sales growth in the high single digits for the balance of the fiscal year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money