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Keurig Green Mountain profit rises on higher demand for K-cup coffee pods

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news Brainerd, 56401

Brainerd MN 506 James St. / PO Box 974 56401

Aug 6 (Reuters) - Keurig Green Mountain Inc, maker of the popular Keurig one-cup coffee brewers, reported a 33 percent rise in quarterly profit as more people opted for its single-serve K-cup coffee pods over traditional coffee packages.

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The company said profit rose to $155.2 million, or 94 cents per share, in the third quarter ended June 28, from $116.3 million, or 76 cents per share, a year earlier.

Revenue rose 5.7 percent to $1.02 billion.

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