Thursday, 7 May 2015

Keurig CEO "We were wrong" Stock drops 10%

Keurig CEO "We were wrong" Stock drops 10%

Remember when everyone wanted a Keurig machine? Those days might be over. Sales of Keurig brewing machines and accessories tumbled 23% in the first quarter compared to the prior year. The company had a lot of excuses, but the basic problem is there are too many Keurig machines in stores and people aren't buying them, especially the newest Keurig 2.0 model.
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