Green Mountain shares are up nearly 13% after a huge earnings beat and an announcement they’d signed a deal with Starbucks.
Trading was briefly halted so investors could digest the news. Now it’s unhalted, and the stock is exploding. Here’s the chart via MarketWatch:
The deal extends Green Mountain’s use of Starbucks products in its Keurig machines.
The company also upgraded full-year non-GAAP earnings guidance to between $3.05 and $3.15. This quarter’s non-GAAP EPS came in at $0.93.