by Christopher Freeburn | October 31, 2013 10:55 am
People who like McDonald’s (MCD) coffee won’t have to visit one of the burger chain’s restaurants to buy their favorite drink starting next year.
The company says that in 2014 it will begin trial marketing of packaged versions of coffees at various retailers, including supermarkets, around the country. The offerings will include both ground and whole-bean coffee blends, the Associated Press notes.
Kraft Foods (KRFT) will participate in distributing that packaged coffees under a deal with McDonald’s, which did not reveal any terms of the agreement.
McDonald’s began selling its McCafe coffee for about $7 per 12-ounce bag at Canadian retailers last year.
Shares of McDonald’s rose modestly in Thursday morning trading.
Source URL: http://investorplace.com/2013/10/mcdonalds-bagged-coffee-coming-grocery-stores-2014/
Short URL: http://invstplc.com/1fp43NI
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.