Home » best stock today » coffee » GMCR stock, earning forecast 2012

Sunday, February 26, 2012

GMCR stock, earning forecast 2012

GMCR stock forecast 2012 : Green Mountain Coffee Roasters Inc. (GMCR) on Wednesday reported a profit for the first quarter that soared from last year as sales of K-cup portions doubled. Adjusted earnings per share more than tripled and beat analysts' consensus estimate. The company's shares gained more than 21 percent in extended trade.

Looking ahead to the second quarter, the company forecast earnings below analysts' expectations, but reaffirmed its earnings outlook for fiscal year 2012.

The Waterbury, Vermont-based company's first-quarter net income soared to $104.41 million or $0.66 per share from $2.41 million or $0.02 per share in the year-ago period.

Excluding items, adjusted earnings rose to $96.00 million or $0.60 per share from $26.37 million or $0.18 per share in the prior-year quarter. On average, ten analysts expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically excludes special items.

Net sales for the quarter doubled to $1.16 billion from $574.15 million in the prior year. Analysts had a consensus revenue estimate of $1.06 billion. The company noted that strong Keurig single cup brewer and beverage holiday sales drove the strong sales growth.

Green Mountain said that about 90 percent of consolidated net sales in the quarter were from the Keurig brewing system and its recurring K-Cup portion pack revenue, with the remainder of net sales consisting primarily of sales of bagged coffee and sales from the office coffee services business. The company sold 4 million Keurig brewers during the quarter.

Net sales from K-Cup portion packs doubled from last year to $715.7 million, while Brewers and Accessories grew 76 percent to $330.4 million. Other products sales more than doubled to $112.1 million.

Gross margin for the quarter expanded to 29.1 percent from 25.0 percent last year, due mainly to price increases price increases on K-Cup portion packs, a shift in the company's sales mix, and the net price realization from price increases on Keurig Single Cup Brewers implemented to offset higher input costs.

Looking ahead to the second quarter, Green Mountain forecasts adjusted earnings of $0.60 to $0.65 per share and net sales growth of 45 to 50 percent. Analysts expect the company to earn $0.73 per share on revenues of $1.03 billion.

The company said second-quarter estimates reflect lower portion pack and brewer growth rates compared to the preceding first quarter that benefited from exceptional holiday sales. The outlook also reflects business seasonality, the company added.

For fiscal year 2012, Green Mountain reaffirmed its outlook for adjusted earnings of $2.55 to $2.65 per share and revenue to grow 60 to 65 percent. Analysts currently expect earnings of $2.56 per share for the year on revenues of $4.24 billion.

For the latest updates on the stock market, visit Stock Market Today

GMCR earning forecast 2012, GMCR shares prices predictions 2012, GMCR stock outlook 2012-2013, Green Mountain earning estimates 2012, Green Mountain Coffee market shares forecast 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

coffee
best stock today
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)