Keurig Shares Jump After 16% Profit Gain and Expanded Smuckers Deal
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Keurig reported its second quarter after the bell Wednesday. Earnings of $1.08 a share came in well over estimates for 94 cents a share, while revenue jumped 10% to $1.1 billion. Sales of single-serve coffee pods climbed 13% and accounted for four-fifths of total revenue, while brewers and equipment sales increased 9%. Separately, the company expanded its partnership with J.M. Smucker, signing a multi-year agreement to provide Folgers and other Smuckers-branded coffee pods.

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