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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Green Mountain Coffee Revenues Surge To $1.05B 0 comments
    Nov 21, 2013 10:50 AM | about stocks: GMCR

    Originally published at www.seclive.com

    Filing in Focus: Green Mountain Coffee Roasters 10-K, November 20, 2013

    Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) announced its fourth quarter and full 2013 fiscal year results, reporting revenue and earnings that surged past expectations. The Keurig-maker reported earnings of $127M and $0.83 per share, a 38% increase from the year-ago $91.9M and $0.58 per share. Revenue improved 11% to $1.05B, beating analyst predictions of $964.6M. In a move to return value to shareholders, the company announced a $1B share repurchase program while also announcing it expects first quarter earnings to be below original expectations. The company originally forecasted $0.96 per share but has amended its guidance to between $0.85 and $0.90 earnings per share on projected weak consumer spending and a transition to a new brewing system. The company makes almost all of its money from K-cup sales while it sells its brewers close to at-cost in an effort to get its product in as many consumers' hands as possible.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GMCR
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