Green Mountain Coffee Roasters Rally After Posting Q4 Results GMCR)
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) leaped nearly 22% during aftermarket trade on Tuesday after its fiscal fourth quarter results comfortably beat analysts’ consensual estimates while the company also provided a robust outlook both on current quarter and next fiscal.
For the fiscal fourth quarter ended September 29, Green Mountain reported income of $91.9 million or 58 cents a share compared to profit of $75.4 million or 47 cents a share, in the year earlier quarter.
After excluding onetime expenses/gains, or the (non-GAAP) earnings came at 64 cents beating analysts’ consensual estimate of 48 cents a share.
Net sales for the period climbed 33 percent to $946.7 million while analysts polled by Thomson Reuters were expecting sales of $902.7 million.
For the current first quarter Green Mountain is expecting earnings in the range of 62 cents to 67 cents a share while net sales are expected to grow by 14 percent to 18 percent.
The company also upwardly revised its guidance on new fiscal year. Green Mountain now expects earnings between $2.64 and $2.74 a share, up from its earlier projections of $2.55 to $2.65 a share. Annual sales are expected to grow 15 percent to 20 percent.
Beyond Core Offerings
Green Mountain, which manufacturers the Keurig brewing system and the K-Cups that are used with it, is the leader in the nascent but growing U.S. market for single-serve coffee.
The company in order to grow quickly is now expanding its offerings which include fruity “wellness” drinks with nutrients.
Green Mountain is also trying to move consumers towards its new higher-end Vue system, whose patents are still intact; besides, it recently revealed a single-cup espresso machine with Italy’s Luigi Lavazza.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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