Diedrich Coffee (DDRX) Reports Dramatic First Quarter Results
Diedrich Coffee, a leading fine coffee roaster and wholesaler, reported impressive revenue and profit figures for the first quarter 2010 (ended September 16, 2009). Total quarterly revenue increased 52% over the same quarter last year, going from $10.4 million to $15.8 million. The jump was led by a 66%, $5.8 million, increase in the sale of Keurig K-Cups, the popular one-serving coffee pods that users can pop in a coffee maker and discard. Diedrich Coffee is one of only four roasters under license to produce K-Cups for Keurig Incorporated's top-selling single-cup brewing system. First quarter gross margins were also up,…