Consumer Electronics

Keurig Recalls Millions of Coffeemakers

The U.S. Consumer Product Safety Commission (CPSC) has initiated a recall of more than 7 million coffeemakers made by Keurig Green Mountain Inc. (NASDAQ: GMCR) between 2009 and 2014. The company’s MINI Plus single-cup brewing system was sold at the company’s online store and at retailers including Target Corp. (NYSE: TGT) and Wal-Mart Stores Inc. (NYSE: WMT) for about $100.

The company has sold about 6.6 million of the units in the United States and 564,000 in Canada. The coffeemakers that are included in the recall have an identification number beginning with “31” followed by a range of other numbers on a white sticker on the bottom of the brewer. The full list of number ranges is available at the CPSC website.

Keurig has received about 200 reports of hot liquid escaping from the device, of which about 90 report burn-related injuries. According to the CPSC, water can overheat during brewing and spray out of the machine and scald users.

Consumers are being instructed to contact Keurig for a free repair and for information about what to do to avoid getting scalded while waiting for a repair. The brewing machines are manufactured in China and Malaysia, according to the CPSC.

A similar recall was issued in 2012 for a single-cup coffeemaker made and sold by Mr. Coffee under license from Keurig.

Keurig Green Mountain’s stock closed up 1.9% on Monday, at $139.78 in a 52-week range of $73.29 to $158.87. Shares traded down about 1% early in Tuesday’s premarket at $138.42.

ALSO READ: America’s Fastest Growing Beer Brands

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.