Press release from Business Wire
Mr. Coffee Single Cup Brewer Recall Does Not Involve Keurig Brewers
<p class='bwalignc'> <b>No Impact on Green Mountain Coffee Roaster, Inc.'s Business or Financial Outlook</b> </p>
Thursday, August 30, 2012
Mr. Coffee Single Cup Brewer Recall Does Not Involve Keurig Brewers10:06 EDT Thursday, August 30, 2012
WATERBURY, Vt. (Business Wire) -- Green Mountain Coffee Roasters, Inc., (GMCR) (NASDAQ: GMCR), a leader in
specialty coffee and coffee makers, is aware that Sunbeam Products, Inc.
(d/b/a Jarden Consumer Solutions, or “JCS”) — in cooperation with the
Consumer Products Safety Commission (CPSC) and Health Canada — has
announced a recall of the Mr. Coffee® Single Cup Brewing
System.
Because there is the potential for confusion related to this matter,
GMCR wants to clarify that Keurig® Single Serve Brewer models
manufactured by or for GMCR's Keurig business unit and sold under the
Keurig® brand are not involved
in this recall, nor are any other brewers featuring Keurig Brewed®
technology manufactured by JCS or any other Keurig-licensed brewer
manufacturers. JCS has a license from GMCR's Keurig business unit to use
certain aspects of Keurig's technology to enable Mr. Coffee®
Single Cup brewers to use K-Cup® packs.
According to the recall notice, the recall involves only Mr. Coffee®
brewers with model numbers BVMC-KG1, BVMC-KG1-001, BVMC-KG1-044,
BVMC-KG1A, BVMC-KG1A-001, BVMC-KG1-BEA, BVMC-KG1BP-PAL, BVMC-KG1-WM,
BVMC-KG1-WM-001, BVMC-KG1R-001, BVMC-KG1R-006, and BVMC-KG1W-001. It has
been determined that steam can build up in the brewing chamber of the
Mr. Coffee® brewer, forcing the brewing chamber to open
prematurely.
The recalled Mr. Coffee® brewers incorporate some different
design and construction elements than those single cup brewers
manufactured by or for GMCR's Keurig business unit and sold under the
Keurig® brand, which are not susceptible to the issue
described above that is impacting the recalled Mr. Coffee®
brewers.
GMCR does not expect the recall of Mr. Coffee® brewers to
impact its financial results or outlook.
Consumers can confirm if they own one of the recalled Mr. Coffee®
machines by checking the model number printed on the bottom of the
brewer and comparing it to the model numbers involved in this recall as
noted above and at www.mrcoffeerecall.com.
According to the CPSC and JCS, consumers should immediately stop using
the recalled coffeemaker and contact JCS at www.mrcoffeerecall.com
or toll free at 800-993-8609 to receive instructions on how to obtain a
replacement unit. GMCR has contacted consumers who purchased the
involved brewer online from its consumer-direct websites — Green
MountainCoffee.com, Keurig.com or Keurig.ca — to make them aware of the
recall.
Additional questions about the recall should be directed to JCS at
800-993-8609.
About Green Mountain Coffee Roasters, Inc.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee
Roasters, Inc. (GMCR) (NASDAQ: GMCR), is recognized for its
award-winning coffees, innovative Keurig® Single Cup brewing
technology, and socially responsible business practices. GMCR supports
local and global communities by offsetting 100% of its direct greenhouse
gas emissions, investing in sustainably-grown coffee, and donating a
portion of its pre-tax profits to social and environmental projects.
GMCR routinely posts information that may be of importance to investors
in the Investor Relations section of its website, including news
releases and its complete financial statements, as filed with the SEC.
The Company encourages investors to consult this section of its website
regularly for important information and news. Additionally, by
subscribing to the Company's automatic
email news release delivery, individuals can receive news directly
from GMCR as it is released.
Forward-Looking Statements
Certain information contained in this release, including statements
concerning expected performance such as those relating to net sales,
earnings, cost savings, acquisitions and brand marketing support, are
“forward-looking statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934. Generally, these statements may be
identified by the use of words such as “may,” “will,” “would,” “expect,”
“should,” “anticipate,” “estimate,” “believe,” “forecast,” “intend,”
“plan” and similar expressions intended to identify forward-looking
statements. These statements may relate to: the expected impact of raw
material costs and our pricing actions on our results of operations and
gross margins, expected trends in net sales and earnings performance and
other financial measures, the expected productivity and working capital
improvements, the ability to maximize or successfully assert our
intellectual property rights, the success of introducing and producing
new product offerings, ability to attract and retain senior management,
the impact of foreign exchange fluctuations, the adequacy of internally
generated funds and existing sources of liquidity, such as the
availability of bank financing, the expected results of operations of
businesses acquired by us, our ability to issue debt or additional
equity securities, our expectations regarding purchasing shares of our
common stock under the existing authorizations, and the impact of the
inquiry initiated by the SEC and any related litigation or additional
governmental inquiry or enforcement proceedings.
These and other forward-looking statements are based on management's
current views and assumptions and involve risks and uncertainties that
could significantly affect expected results. Results may be materially
affected by external factors such as damage to our reputation or brand
name, business interruptions due to natural disasters or similar
unexpected events, actions of competitors, customer relationships and
financial condition, the ability to achieve expected cost savings and
margin improvements, the successful acquisition and integration of new
businesses, fluctuations in the cost and availability of raw and
packaging materials, changes in regulatory requirements, and global
economic conditions generally which would include the availability of
financing, interest, inflation rates and investment return on retirement
plan assets, as well as foreign currency fluctuations, risks associated
with our information technology systems, the threat of data breaches or
cyber-attacks, and other risks described in the Company's filings with
the Securities and Exchange Commission.
Actual results could differ materially from those projected in the
forward-looking statements. The Company undertakes no obligation to
update or revise publicly, any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law.
GMCR-C
Green Mountain Coffee Roasters, Inc.Suzanne DuLong, 802-488-2600VP
IR & Corporate CommInvestor.Services@GMCR.com
