QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 51, No. 12, December 2011, Posted On: 11/16/2011


Green Mountain Q4 Profit Triples On Higher Revenue


Emily Jed
Emily@vendingtimes.net
office coffee service, OCS, vending machine business, Green Mountain Coffee Roasters, Green Mountain fourth-quarter profit, Keurig single-cup brewers, Starbucks, Dunkin' Brands Group

WATERBURY, VT -- Green Mountain Coffee Roasters saw fourth-quarter profit nearly triple as sales rose 91%. The maker of Keurig single-cup brewers said it earned $75.4 million, or 47¢ a share, for the quarter that ended Sept. 24, up from $27 million, or 20¢ per share, a year earlier.

Sales jumped 91% to $711.9 million, compared with $373.1 million in the prior-year period. Keurig K-Cup sales climbed 91% to $475.5 million, and sales of brewers and accessories rose 40% to $115.1 million. Green Mountain sold 1.3 million Keurig brewers in the quarter, up from 1.2 million a year ago.

Sales of bagged coffee and other products more than tripled to $120.3 million.

Starbucks Corp. and Dunkin' Brands Group Inc. partnered with Green Mountain earlier this year to sell their coffee brands in K-Cups for the Keurig machine. Starbucks K-Cups started selling in grocery and retail stores earlier this month.

The company's profit margin rose during the quarter, aided by price hikes that helped offset higher costs of unroasted beans.

Green Mountain earned $201 million, or $1.36 a share, for the full fiscal year, versus $138.8 million, or 58¢ per share, in fiscal 2010. Revenue rose 95% to $2.65 billion. The company reiterated its forecast for fiscal 2012 earnings of $2.55 to $2.65 a share.


Topic: Coffee Service News

Articles:
  • Former Sbarro CMO Anne Pritz Joins Royal Cup Coffee & Tea
  • Howard Schultz Will Step Down As Starbucks CEO To Focus On High-End 'Reserve' Coffee Shops
  • Canada's DawsCo Coffee Offers K-Cup Recycling Program For Homes And Offices
  • Coffco Receives Filterquik Patents, Hires Cliff Rosen To Bring It To Market
  • Internet Office Coffee Authority Details E-Commerce Challenges

Copyright © 2016 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