Keurig Plummets After Slow Brewer Sales Eat Into Forecast
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Keurig Green Mountain Inc., the maker of single-serve coffee machines, tumbled the most in more than two years after cutting its annual forecast, hurt by slow sales of its second-generation brewing system.
The company now expects earnings per share to decline by a mid-single-digit percentage after factoring in a 14-cent impact from currency fluctuations. That compares with a previous prediction for a gain in the mid-single digits.