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Green Mountain Coffee Revenues Surge To $1.05B

|Includes: Keurig Green Mountain Inc (GMCR)

Originally published at

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.