Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) reported net income above Wall Street’s expectations for the fourth quarter. 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. GMCR fell short of the mean estimate of 48 cents per share. It fell short of the average revenue estimate of $760.5 million.
“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.”
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).
The Wendy’s Company (NYSE:WEN) reported its results for the third quarter. Loss widened to $4 million (one cent per diluted share) from $909,000 (loss of 0 cents per share) in the same quarter a year earlier. Revenue rose 2% to $611.4 million from the year earlier quarter. WEN fell short of the mean analyst estimate of 4 cents per share. Analysts were expecting revenue of $619.3 million.
Emil Brolick, President and Chief Executive Officer of The Wendy’s Company said, “We generated transaction growth, which contributed to a 1.8% same-store sales increase at Wendy’s North America Company-operated restaurants, during the third quarter of 2011. Wendy’s remains on track to produce positive transactions for the year.
Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Chipotle (NYSE:CMG), Starbucks (NASDAQ:SBUX) and Nathan’s Famous, Inc. (NASDAQ:NATH).