Green Mountain Earnings Boost, Issues 2013 Outlook

Companies and Brands

Published: November 27, 2012 4:18 pm

Last Updated: April 27, 2020 10:39 pm

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) has just reported its quarterly earnings. For its quarter end in September, its comparable non-GAAP earnings rose by 36% to $0.64 EPS while net revenue rose by 33% to $946.7 million. Thomson Reuters had consensus estimates of $0.48 EPS and $902.23 million in revenue. Green Mountain also said that some 3.1 million shares were repurchased in the fourth quarter.

Here is the guidance for the first quarter and full-year 2013:

Total net sales growth in the range of 14% to 18% over the first quarter of fiscal year 2012 with earnings per share in a range of $0.62 to $0.67 per diluted share, excluding approximately $0.06 per share in items. Estimates from Thomson Reuters are $0.59 EPS and 11.7% in sales growth.
For the fiscal 2013, Green Mountain sees 2013 net sales growth of 15% to 20% over fiscal year 2012 and it sees non-GAAP earnings in a range of $2.64 to $2.74 per share (excluding approximately $0.23 per share due to items). Estimates from Thomson Reuters are $2.51 EPS and 15% sales growth.

Be advised that this last quarter looks like a huge win but there is an exception due to an extra week in its fiscal year. The company said that its fourth quarter gross margin declined to 33.4% from 35.7% a year ago to demand-related investments in fiscal 2012.

Green Mountain shares had been rising of late and shares closed at $28.94. Those gains are being stretched even further as the company’s stock is up 17% around $34.00 in the after-hours trading against a 52-week range of %$17.11 to $71.15.

JON C. OGG

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