This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Green Mountain Surges on Outlook

(Green Mountain earnings report updated with details of improved profit guidance and secondary offering.)
WATERBURY, Vt. ( TheStreet) -- Green Mountain Coffee Roasters (GMCR - Get Report) shares surged Wednesday after the company raised its full-year outlook and beats quarterly profit expectations.

Green Mountain Coffee

After the closing bell Tuesday Green Mountain said growing margins, despite soaring coffee bean costs, led it to raise its outlook.


The leader in the single-serve coffee market through the success of its Keurig brewing system, earned $65.4 million, or 48 cents per share on an adjusted basis, in its fiscal second quarter, up nearly 300% from a year-earlier profit of $24.1 million, or 17 cents per share.

Revenue more than doubled to $647.7 million.

Analysts had called for Green Mountain to earn 38 cents a share on revenue of $629.4 million.

The stock surged 18.6% to close at $75.98 Wednesday afternoon.

Green Mountain now expects to earn between $1.43 and $1.50 per share this fiscal year, higher than analysts' call for $1.23 per share and above the company's prior guidance for a profit of $1.19 to $1.29 per share.


1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CAG $37.30 0.00%
GMCR $112.80 0.00%
SBUX $47.62 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs