Keurig Green Mountain, Inc. and SUBWAY Announce Hot Beverage Partnership
Agreement Brings Keurig Simplicity and Fresh Brewed Beverages on Demand to World’s Largest Restaurant Chain
Public Company Information:
WATERBURY, Vt. & MILFORD, Conn.--(BUSINESS WIRE)--Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, and the SUBWAY® restaurant chain today announce a partnership to bring Keurig’s single serve brewers to thousands of the restaurant brand’s North American locations.
The Keurig K150 brewer expands the restaurants’ hot beverage options, providing freshly brewed coffee on demand. Currently, more than half of the SUBWAY® restaurants in the United States and Canada have adopted a Keurig® system.
“Keurig® brewers offer quality and convenience, which are key advantages as SUBWAY restaurants look to provide customers with a consistently high-quality cup of coffee brewed fresh no matter the time of day – not just at breakfast,” says John Whoriskey, President, U.S. Sales and Marketing of Keurig. “Keurig® brewers help SUBWAY franchisees simplify operations by eliminating the need for separate brewing of regular, decaffeinated and flavored coffee, reducing waste and clean-up of unconsumed coffee.”
“Since introducing Keurig® brewers as an option to our franchisees last year, we’ve heard overwhelmingly positive feedback about Keurig’s ability to delivery variety, quality and freshness on demand,” says David Zambory, the beverage manager for the SUBWAY® restaurant chain. “SUBWAY restaurants are a destination throughout the day, including at breakfast, and we look forward to providing our customers with the freshest cup of coffee possible no matter when they visit us.”
The Keurig® K150 Series Commercial Brewing System is the first small to medium capacity Keurig® brewer to be certified by the National Sanitation Foundation (NSF) for foodservice use, marking Keurig’s continued commitment to expanding availability of Keurig® brewing simplicity.
“Until now, innovation in brewed beverages for quick serve restaurants has been focused on high volume applications and longer brewed coffee holding times,” says Whoriskey. “This has left the majority of operators, who want to serve delicious brewed beverages, far behind. Keurig is changing the way SUBWAY restaurants are thinking about brewed beverages by delivering a fresh brewed, delicious beverage at all times during the day to consumers who recognize Keurig as a symbol of quality.”
About Keurig Green Mountain, Inc.
As a leader in specialty coffee, coffee makers, teas and other beverages, Keurig Green Mountain (Keurig) (NASDAQ: GMCR), is recognized for its award-winning beverages, innovative Keurig® brewing technology, and socially responsible business practices. The Company has inspired consumer passion for its products by revolutionizing beverage preparation at home and in the workplace. Keurig supports local and global communities by investing in sustainably-grown coffee and by its active involvement in a variety of social and environmental projects. By helping consumers drink for themselves, we believe we can brew a better world. For more information visit: www.KeurigGreenMountain.com. To purchase Keurig® products visit: www.Keurig.com or www.Keurig.ca.
Keurig routinely posts information that may be of importance to investors in the Investor Relations section of its website, www.KeurigGreenMountain.com, 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 Keurig as it is released.
About SUBWAY® Restaurants
Headquartered in Milford, Connecticut, SUBWAY® Restaurants is the world’s largest restaurant chain with more than 42,000 locations in 106 countries. Co-founded by Fred DeLuca and Dr. Peter Buck in 1965, their partnership marked the beginning of a remarkable journey and paved the way for thousands of entrepreneurs to build and succeed in operating their own business. Long-time leaders in offering consumers nutritional options on-the-go, the brand became the first quick service restaurant in 2012 to meet the American Heart Association’s Heart-Check Meal Certification Program nutritional criteria. For more information, visit http://www.subway.com, like us on Facebook.com/subway and follow us on twitter.com/subway. SUBWAY® is a registered trademark of Doctor’s Associates Inc.
Keurig Green Mountain Forward-Looking Statements
Certain information in this filing constitutes "forward-looking statements." Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "seeks" or words of similar meaning, or future or conditional verbs, such as "will," "should," "could," "may," "aims," "intends," or "projects." However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. 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 success of introducing and producing new product offerings, 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, projections of payment of dividends, the impact of the inquiry initiated by the SEC and any related litigation or additional governmental inquiry or enforcement proceedings, and the impact of any pending or future antitrust litigation. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part I, "Item 1A. Risk Factors," and Part II "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in our fiscal 2013 Annual Report filed on Form 10-K, as amended, and elsewhere in this report and those described from time to time in our future reports filed with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Keurig Green Mountain, Inc.
Kate Binette, 781-779-3297
Public Relations Manager
SUBWAY – Franchise World Headquarters
Kevin Kane, 203-877-4281 ext. 1329
Public Relations Manager
Keurig Green Mountain, Inc.
Katie Gilroy, 781-205-7345
Corporate Communications Manager