date:Aug 22, 2013
l 2013, with Folgers brand volume up 4% and Dunkin Donuts packaged coffee sales up 6%. The sales decline reflected a price cut of about 6% taken in February 2013. K-Cup sales rose 14% during the quarter, or about $7.5 million.
The 16% profit improvement in the quarter was due to pressure in the prior year quarter when prices were lowered before green coffee costs had come down.
In an Aug. 21 conference call, Vincent C. Byrd, president and chief operating officer, commented on green coffee cost