QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:  Follow VendingTimes on Twitter 

Bookmark this site



 
Issue Date: Vol. 53, No. 12, December 2013, Posted On: 11/22/2013


Robust Keurig Demand Drives 38% Profit Growth For Green Mountain


Emily Jed
Emily@vendingtimes.net
TAGS: Green Mountain Coffee Roasters GMCR fourth quarter, Keurig sales, K-Cup sales, Green Mountain's profit, Vending

WATERBURY, VT -- Green Mountain Coffee Roasters saw net income jump 35% and revenue climb 11% in the fourth quarter as sales of both Keurig brewer and K-Cup sales rose.

For the quarter ended Sept. 28, Green Mountain's profit grew to $127 million, or 83¢ a share, from $91.9 million, or 58¢ a share, a year earlier. Net sales grew 11% to $1.05 billion.

Sales of K-Cup single-cup packs climbed 11%, while brewer sales grew 27%.

"We had a strong end to an excellent year, driven by continued consumer passion for the Keurig brewing system," said Brian P. Kelley, Green Mountain's president and chief executive.

The Waterbury, VT, roaster also announced a $1 billion share buyback program and a $0.25 a share quarterly dividend.

Green Mountain issued current-quarter earnings guidance between 85¢ to 90¢ a share, with sales expected to rise in the low-to-mid single digits.


Topic: Coffee Service News

Articles:
  • Maxwell House Refreshes Iconic Coffee Brand
  • Mars Unveils Flavia Barista Espresso Brewer Featuring Segafredo Zanetti Brand
  • Kraft Introduces GFI S'mores Marshmallow-Flavor Cappuccino Mix
  • Marley Coffee Expands RealCup Lineup
  • Coffee Bean & Tea Leaf Brings Brand To K-Cups

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570