Green Mountain Coffee Roasters Earnings: Shares Get Roasted
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. However, the coffee company’s forecasts for next quarter were not in line with analyst consensus. Shares are down 8.93%.
Green Mountain Coffee Roasters Inc. Earnings Cheat Sheet
Results: Net income increased 3.06% to $107.6 million (76 cents per diluted share) in the quarter versus a net gain of $104.41 million in the year-earlier quarter.
Revenue: Rose 15.69% to $1.34 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Green Mountain Coffee Roasters Inc. reported adjusted net income of 76 cents per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $1.33 billion.
Quoting Management: “While we expect growth will continue to moderate in the overall total coffee and espresso maker category, we also expect our share of the category to continue to increase,” said Green Mountain CEO Brian Kelley.
Key Stats (on next page)…