This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Starbucks, Green Mountain, Dunkin' Still Hot

Stocks in this article: SBUX GMCR DNKN KKD THI MCD

NEW YORK ( TheStreet) -- Starbucks (SBUX), Green Mountain Coffee Roasters' (GMCR) and Dunkin' Donuts (DNKN) shares continued to climb on Friday -- even as the overall market waffled amid still-unresolved federal debt ceiling talks -- following a week of blowout earnings and a successful IPO.

Starbucks shares gained 1.3% to $40.50 around midday Friday, Green Mountain added 1.4% to $104.04 and Dunkin' rose 2.4% to $29.08.

Late Thursday , Starbucks reported it beat fiscal third-quarter profit and revenue expectations on strong sales growth and increased store traffic.

Starbucks' quarterly profit jumped 34.2% to $279.1 million, or 36 cents a share, while revenue increased 12.3% to $2.93 billion.

A day earlier, Green Mountain also beat profit and revenue expectations thanks to the surging popularity of its Keurig one-cup brewing machine and accompanying K-Cups .

Green Mountain more than doubled its earnings year over year to $56.3 million, or 37 cents a share, while revenue also more than doubled to $717 million. K-Cup portion pack sales surged 136% to $485 million, while Keurig brewer and accessory sales soared 66% to $105 million. Green Mountain said it sold 1.1 million Keurig machines in its recent third quarter. The company has partnerships with both Dunkin' and Starbucks to sell K-Cups under their brands.

On Wednesday, shares of Dunkin' Donuts owner Dunkin' Brands hit the Nasdaq fully caffeinated, surging more than 52% in their first day on the market.

Dunkin's IPO was priced at $19 late Tuesday before it began trading Wednesday morning. The company, which was bought by a private-equity consortium including Bain Capital, Carlyle Group and Thomas H. Lee Partners in 2006 for $2.4 billion, sold 22.25 million shares in its market debut to raise around $423 million.

Other stocks in the coffee-and-doughnut space were mixed on Friday. Krispy Kreme Donuts (KKD) fell 0.9% to $8.16, Peet's Coffee & Tea (PEET) lost 1.3% to $58.16, Canada's Tim Hortons (THI) shed 0.8% to $47.60 and McDonald's (MCD) was lower by 0.6% to $86.24.

-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs