This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

National Coffee Day Spurs Searches

NEW YORK ( TheStreet) -- National Coffee Day is spurring a spike in Internet searches today as consumers clamor to find out if their favorite java joints will be celebrating with a free cup for patrons.

Several coffee chains across the U.S. are joining the festivities by offering free coffee promotions. Participating Dunkin Donuts locations are giving customers one free cup of coffee, and will donate some of the proceeds from sales of other items to Special Olympic groups. LaMar's Donuts and Coffee will give customers who present this printable coupon a free cup of coffee, and Java Café is offering customers a 50% discount on drinks from 7 A.M. to 12:00 P.M. today.

But it's not all good for coffee companies today. Green Mountain Coffee Roasters (GMCR) shares plunged after the Securities and Exchange Commission probed the company on its revenue recognition practice.

In a 8-K filing, Green Mountain said that based on the SEC request of specific documents and information, it believes the inquiry concerns its revenue recognition practices as well as its relationship with one of its vendors.

The SEC inquiry came after Green Mountain's management discovered an "immaterial accounting error" relating to the margin percentage it had been using to eliminate the inter-company markup in its K-Cup inventory balance at its Keurig business unit.

Green Mountain shares are down 16.4%, to $30.94.

-- Written by Theresa McCabe in Boston.

>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GMCR $91.67 -0.30%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs