Diamonds and Dogs
5/8/14Keurig Green Mountain Coffee Inc. (GMCR)
Keurig Green Mountain Coffee is waking up its investors today, up 12.99% to $104.19. The K-cup coffee and coffee machine company saw its shares spike after better than expected earnings. Management announced an EPS of $1.08 on revenues of $1.1 billion. Both numbers beat analysts' estimates of $0.94 and $1.04 billion respectively. Further boosting the stock was news that Keurig has expanded its partnership with J.M. Smucker to provide Folgers and other Smucker branded coffee brands with specialty K-Cups designed for their machine. Shares of Keurig jumped nearly $12.00 today but are still below their 52-week high of $124.42.
Roundy's Inc. (RNDY)
Roundy's isn't looking good today, down 24.92% to $4.85. The retail grocery store company saw its shares drop after missing on earnings. For the quarter, Roundy's announced revenues of $1 billion with earnings of $0.01 per share; Wall Street was expecting $1.1 billion with an EPS of $0.03. Management blamed the miss on "competitive pressure, weak economic growth, and weather related issues." Shares of Roundy's fell over $1.60 and set a new 52-week low of $4.80 intraday.