Green Mountain Coffee Roasters, Inc. Earnings Cheat Sheet: Beats Analysts’ Estimates

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

Results: Net income for the processed and packaged goods company rose to $56.3 million (37 cents per share) vs. $18.6 million (13 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter.

Revenue: Rose more than twofold to $717.2 million from the year earlier quarter.

Actual vs. Wall St. Expectations: GMCR reported adjusted net income of 49 cents per share. By that measure, the company beat the mean estimate of 36 cents per share. It beat the average revenue estimate of $608.4 million.

Quoting Management: “In addition to continued strong consumer adoption of the Keurig Single-Cup Brewing system, we believe our third quarter benefitted from our first-ever significant spring advertising and brand support programs, designed to raise awareness of the Keurig Single-Cup Brewing system and of our Brew Over Ice Teas and Coffees, perfect for the summer months,” said Lawrence J. Blanford, GMCR’s president and C

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 84.9%, with the biggest boost coming in the most recent quarter when revenue rose more than twofold from the year earlier quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 10 cents in the second quarter, by one cent in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

The company has now seen net income rise in two straight quarters. In the second quarter, net income rose more than twofold from the year earlier.

Gross margins grew 1.6 percentage points to 36.8%. The growth seemed to be driven by increased revenue, as the figure rose more than twofold from the year earlier quarter while costs rose more than twofold.

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) and Kraft Foods Inc. (NYSE:KFT).

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(Source: Xignite Financials)

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