Green Mountain Coffee Roasters, Inc. Reports Third Quarter Fiscal Year 2012 Results

Green Mountain Coffee Roasters, Inc., (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, today announced its third quarter fiscal year 2012 results for the thirteen and thirty-nine weeks ended June 23, 2012.

Third Quarter Fiscal Year 2012 Performance Highlights
($ in millions except earnings per share)		June 23, 2012			June 25, 2011			% Increase (Decrease)
Net Sales		$	869.2		$	717.2		21%
Operating Income:
GAAP		$	129.7		$	119.3		9%
Non-GAAP		$	144.2		$	131.9		9%
Net Income:
GAAP		$	73.3		$	56.3		30%
Non-GAAP		$	82.9		$	75.7		9%
Diluted Income Per Share:
GAAP		$	0.46		$	0.37		25%
Non-GAAP		$	0.52		$	0.49		6%
EBITDA - LTM(*)		$	714.9		$	390.8		83%
Note: Complete GAAP to Non-GAAP reconciliation tables provided with this release.
(*) EBITDA is earnings before interest, taxes, depreciation, and amortization. LTM is last twelve months.

“Our third quarter results demonstrate continued business strength and solid fundamentals, particularly in light of the robust comparable quarter we reported in the year ago period,” said Lawrence J. Blanford, GMCR’s President and CEO. “Our Keurig ^® Single Cup Brewing system continues to revolutionize the way North Americans prepare and consume their single-serve beverages and our proven ability to grow consumer awareness and demand for the system has enabled us to deliver extraordinary results over the past five years.”

“As we become larger, however, our sales growth trajectory will understandably moderate from hyper-growth to a level more in-line with other successful growth businesses,” continued Blanford. “Based upon our current analysis of business fundamentals and the single-serve opportunity, we believe we will deliver annual sales growth in the range of 15% to 20% with annual earnings growth in the mid-teens over the longer term.”

1 2 3 4 5 6 7 Next › Last »