- Keurig Green Mountain reported net income of $162.1 million in the second quarter, a rise of 22% from a year earlier.
- Revenue jumped 10% to $1.1 billion as sales of K Cup portion packs rose 13%.
- Keurig also announced an expansion of its partnership with J.M. Smucker Co., which offers its Folger brand in the K Cups used in Keurig brewing machines.
Keurig is on quite a roll. The company is benefiting from the buzz surrounding its upcoming second-generation brewing machine and a partnership with Coca-Cola that promises a single-serving soda maker by 2015.
It seems like the only real threat to Keurig's dominance of the single-serve market in the U.S. is Nestle's Nespresso. But on the same day Keurig reported double-digit growth, Nestle got a bit of bad news closer to home.