Hot Coffee: Green Mountain's 1st Quarter Big Beat

Posted February 2, 2012

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By Bill Maurer

After the bell on Wednesday, shares of coffee maker Green Mountain Coffee Roasters (GMCR) reported an absolute great quarter. The company had great success in the holiday season, sending shares higher in the after market. The company reaffirmed full year guidance, which is currently above estimates. The balance sheet looked good. The only bad news was guidance for the next quarter was a little light, but they are probably being conservative. They crushed estimates this quarter.

First Quarter Results:

When reporting last quarter, Green Mountain gave the following guidance for its fiscal first quarter:

• Net Sales growth of 85% to 90%.
• non-GAAP earnings per share of $0.35 to $0.40.

Analysts were expecting 84.6% revenue growth to $1.06 billion, and earnings per share doubling from $0.18 to $0.36.

They did much better. Net revenues came in above $1.158 billion, up 102% over the prior year period. Non-GAAP earnings per share came in at 60 cents, well above expectations. These results were much better than last quarter's results, where they missed revenues by $50 million and earnings per share by a penny. READ FULL ARTICLE HERE