Green Mountain Coffee Roasters Inc. Earnings Cheat Sheet: Revenue Climbs

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Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) reported net income above Wall Street’s expectations for the fourth quarter. Green Mountain Coffee Roasters operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Green Mountain Coffee Roasters Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Green Mountain Coffee Roasters, Inc. rose to $75.4 million (47 cents per share) vs. $27 million (20 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter.

Revenue: Rose 91.9% to $711.9 million from the year earlier quarter.

Actual vs. Wall St. Expectations: GMCR fell short of the mean estimate of 48 cents per share. It fell short of the average revenue estimate of $760.5 million.

Quoting Management: “With 95% annual revenue growth over last year the business continues to demonstrate extraordinary momentum as a result of broad consumer adoption of the Keurig Single Cup Brewing system,” said Lawrence J. Blanford, president and CEO of GMCR. “We are seeing continued evidence of strong consumer demand for both brewers and portion packs from our customers and from third party sources that track consumer purchases such as NPD Group and SymphonyIRI Group, Inc. For instance, NPD reports Keurig Single Cup Brewer unit sales increased 56% in our fiscal 2011 fourth quarter from the same period last year. As an indication of what we believe will be strong holiday consumer demand, for the month of September alone, NPD reports Keurig brewer unit sales are up 73% from the same month in 2010.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 90.6%, with the biggest boost coming in the third quarter when revenue rose more than twofold from the year earlier quarter.

Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 36 cents. The average estimate for the fiscal year has seen a bump from $1.65 per share sixty days ago to $1.66.

Competitors to Watch: Farmer Brothers Co. (NASDAQ:FARM), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), Coffee Holding Co., Inc. (NASDAQ:JVA), Starbucks Corporation (NASDAQ:SBUX), The J.M. Smucker Company (NYSE:SJM), Sara Lee Corp. (NYSE:SLE), Dunkin Brands (NASDAQ:DNKN) and Kraft Foods Inc. (NYSE:KFT).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

 

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