Excluding some items, non-GAAP earnings jumped 16% to $1.08 a share.
Analysts had projected 94 cents on average, according to Bloomberg data.
Total sales were up 10% to $1.1 billion.
Separately, the company and The J.M. Smucker Co. (SJM) entered into a multi-year agreement that provides for the expansion of their partnership for the manufacturing, marketing, distribution, and sale of the Smucker family of coffee brands.
TheStreet Ratings team rates KEURIG GREEN MOUNTAIN INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KEURIG GREEN MOUNTAIN INC (GMCR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."