Starbucks, Green Mountain, Dunkin' Still Hot

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 http://twitter.com/miriamsmarket.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Food & Drink

Week of the Women From Finance to Fast Food

Week of the Women From Finance to Fast Food

The Demise of the Great American Supermarket (Watch!)

The Demise of the Great American Supermarket (Watch!)

The Great American Supermarket No Longer Reigns Supreme

The Great American Supermarket No Longer Reigns Supreme

Kohl's May Blame Winter Weather for First-Quarter Earnings Slip

Kohl's May Blame Winter Weather for First-Quarter Earnings Slip

Watch McDonald's Workers Storm HQ to Protest Fast-Food Giant's Pay

Watch McDonald's Workers Storm HQ to Protest Fast-Food Giant's Pay