Green Mountain Coffee Roasters Earnings: Revenue Rose 99 Percent

Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) reported net income above Wall Street’s expectations for the second quarter. Green Mountain Coffee Roasters, Inc. 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.

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Green Mountain Coffee Roasters Earnings Cheat Sheet for the Second Quarter

Results: Net income for Green Mountain Coffee Roasters, Inc. rose to $65.4 million (44 cents/share) vs. $24.7 million (18 cents/share) in the same quarter a year earlier. A more than twofold rise from the year earlier quarter.

Revenue: Rose 99.3% to $647.7 million YoY.

Actual vs. Wall St. Expectations: GMCR reported adjusted net income of of 48 cents/share. By that measure, the company beat the mean estimate of 38 cents/share. Estimates ranged from 32 cents per share to 41 cents per share.

Quoting Management: “We believe healthy post-holiday in-store brewer inventory levels and positive word of mouth from enthusiastic Keurig owners combined to help drive a very strong fiscal second quarter for GMCR,” said Lawrence J. Blanford, GMCR’s president and CEO.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 72.5%, with the biggest boost coming in the most recent quarter when revenue rose 99.3% from the year earlier quarter.

The company has now been profitable for the last nine quarters, and for the last five, profit has risen year over year by an average of 53.8%. The quarter with the biggest boost was the most recent quarter, which saw a more than twofold surge.

Gross margins expanded last quarter, rising 4.1 percentage points to 37.5% from the year earlier quarter. This snaps a streak of two consecutive quarters of shrinking margins.

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), Orpheum Property Inc (PLFFD), Growers Direct Coffee Co. Inc. (GWDCQ), and Kraft Foods Inc. (NYSE:KFT)

Stock Performance: Shares of GMCR are up over 18% in after hours trading.

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