NEW YORK (
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
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.
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 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.
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
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
fell 0.9% to $8.16,
Peet's Coffee & Tea
( PEET) lost 1.3% to $58.16, Canada's
shed 0.8% to $47.60 and
was lower by 0.6% to $86.24.
-- Written by Miriam Marcus Reimer in New York.
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