Recession Perks Up Coffee Sales

Waterbury, Vermont - February 13, 2009

A Vermont coffee company is seeing a jolt, despite the slumping economy.

Green Mountain Coffee Roasters says its revenue is up 56 percent, according to its quarterly earnings. It also had a jump in profit of $.56 per share. By contrast, competitor Starbucks reported its quarterly revenue was down 6 percent.

The Waterbury-based company said coffee drinkers are not giving up their gourmet coffee habit, just finding more economical ways to get their fix.

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