Consumer Business Recap: Green Mountain CEO Speaks, Kroger’s Spinach Recall
Chief Executive Larry Blanford of Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) gives an optimistic interview to the Wall Street Journal, stressing that while sales growth is declining, it should still be between 15 and 20 percent, a level not available to very many companies in Green Mountain’s sector. Moreover, Starbucks Corporation’s (NASDAQ:SBUX) single-serve brewing machines do not worry Blanford, since they espresso products while those of his company are for filtered coffee.
Don’t Miss: Here’s General Mill’s First Quarter Results.
Third quarter sales for Home Depot, Inc. (NYSE:HD) and Lowe’s Companies, Inc. (NYSE:LOW) are coming in above projections, says a note by Cleveland Research. The current rise in housing stats has generated quite a bit of chatter predicting a bounce in revenue for home improvement leaders, but up until now it had been for the future only.
Shares of Kroger Co. (NYSE:KR) climbed a bit on the day, even though the grocer reports a recall of spinach packages sold in stores in 15 different states on suspicion that they could be contaminated with a dangerous strain of listeria bacteria. The product in question is Kroger Fresh Selections Tender Spinach in 10 ounce packages, which are supplied by NewStar Fresh Foods.
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