Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Julie Welter - Piper Jaffray.
Julie Welter - Piper Jaffray
Just to follow up on the K-Cup sales, I know you said it was $1 million pounds to-date, now is that sold or packaged so far for coffee?
Roz Mallet
That’s been processed to Keurig and we've been in business with Keurig and K-Cups for little over a year.
Julie Welter - Piper Jaffray
So its one year, but some of those could be an inventory technically?
Roz Mallet
Yes, it could be still an inventory.
Julie Welter - Piper Jaffray
And then can you give any color on how many pounds were processed to Keurig this quarter and has that kind of increased or decreased?
Roz Mallet
Julie we don’t have that information with us.
Julie Welter - Piper Jaffray
And then just in terms of, the grocery category in general I know your specialty sales are growing and part of that from the sale of ice cream, but just in terms of pure coffee pounds kind of the core of the business, can you talk about general terms for you guys or the industry in general and is that going with just trends in the economy right now?
Roz Mallet
Well, the coffee that’s being roasted for the commercial business is growing. We are seeing an increase from business like Costco as the economy has changed. I don’t have a specific number for you there Julie.
Julie Welter - Piper Jaffray
Congratulations on the new CEO, Michael and I think he is on the call today, just wondering maybe I don’t know if Michael can answer this, but what attracted him to the brand and why that change is made now?
Roz Mallet
We really prefer to stick to the second quarter results if you don’t mind and Mike in our next quarter will be glad to spend sometime talking about what he is here for.
Julie Welter - Piper Jaffray
So, you can’t give us any indications of some of the first things he’d like to address or areas of focus, even with branding operations or other changes?
Roz Mallet
No, Julie Mike’s been here for one day.
Julie Welter - Piper Jaffray
Well, yes obviously he has done research on the company before he accepted the position, so just wanted some initial thoughts there.
Operator
We have no further questions in the queue.
- To read the full transcript on Seeking Alpha, click here »
