Tags: green | mountain | sales | 2012

Green Mountain Sales Lag Estimates; Lowers 2012 View

Wednesday, 01 August 2012 04:51 PM

Green Mountain Coffee Roasters Inc reported lower-than-expected quarterly sales and cut its full-year outlook for the second time.

The company, known for its Keurig coffee brewers and K-cup single-serve coffee portions, posted net income of $73.3 million, or 46 cents per share, in its fiscal third quarter, ended June 23, up from $56.3 million, or 37 cents per share, a year earlier.

Excluding items, Green Mountain earned 52 cents per share. On that basis, analysts on average were expecting 50 cents per share, according to Thomson Reuters I/B/E/S.

Net sales rose to $869.2 million, missing analysts' average estimate of $873.3 million.

For fiscal 2012, the company said it now expects earnings of $2.21 to $2.26 per share, down from its prior estimate of $2.40 to $2.50 per share.

It expects net sales of $3.79 billion to $3.84 billion, or growth of 43 percent to 45 percent.

© 2020 Thomson/Reuters. All rights reserved.


   
1Like our page
2Share
146
2012-51-01
Wednesday, 01 August 2012 04:51 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved