GMCR INVESTOR ALERT: Investigation of Keurig Green Mountain, Inc. Announced by The Law Offices of Howard G. Smith
July 09 2015 - 9:54AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of Keurig
Green Mountain, Inc. (“Keurig” or the “Company”) (NASDAQ: GMCR),
concerning the Company’s and its officers’ possible violations of
federal securities laws. The investigation focuses on the Company’s
recent disclosures regarding slowdowns in the sale of the Company’s
Keurig 2.0 brewer; as well as the announcement that the Company
would delay the launch of its newest product offering the Keurig
Kold brewer.
On May 7, 2015, the Company announced revenues and earnings that
fell below analysts’ expectations; projected flat to low-single
digit year-over-year net sales growth, compared to its previous
guidance of mid- to high-single digit growth; and also reduced its
free cash flow range to $120 million to $170 million, down from an
expected range of $225 million to $325 million. Keurig blamed its
poor performance on customer confusion about pod compatibility with
the Keurig 2.0 brewer, and on issues with partnerships in its K-cup
brand coffee and tea offerings.
On this news the Company’s shares fell $9.92 per share, or 9%,
to close on May 7, 2015 at $98.16 on volume of nearly 10 million
shares.
Then, on May 14, 2015, after the market closed, the Company
announced that it would delay the retail sale of the Company’s new
cold brewing system, the Keurig Kold until the 2016 holiday season.
On this news, the Company’s share price fell sharply, thereby
causing damage to investors.
If you purchased Keurig shares or other securities prior to May
15, 2015, have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150709005853/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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