Green Mountain Coffee (NASDAQ:GMCR) is now up 21% AH after blowing away FQ1 estimates and reiterating its FY12 guidance. Green Mountain's results were fueled by increases of 115% and 76%, respectively, in K-Cup and brewer/accesory sales, and a 410 bps Y/Y increase in its gross margin to 29.1%. Also of note is a 10% Q/Q drop in Green Mountain's inventories, whose growth was seen as a red flag. JVA +9.4% in sympathy.