Issue Date: Vol. 54, No. 3, March 2014, Posted On: 2/5/2014
Green Mountain Coffee Roasters Reports First Quarter Fiscal Year 2014 Results Including a Record 5.1 Million Keurig Brewers Sold in the Period
GMCR Press Release
TAGS: Green Mountain Net Sales, Keurig sales, Green Mountain Coffee Roasters Inc., specialty coffee, single-cup coffee makers, Keurig brewing technology, Green Mountain Coffee Roasters First Quarter, Keurig brewer installed
Source:Green Mountain Coffee Roasters Inc., | Released Feb. 5, 2014
» Net Sales of $1.4 billion, up 4% vs. Year Ago
» GAAP Diluted EPS of $0.91, up 30% vs. Year Ago
» Non-GAAP Diluted EPS of $0.96, up 26% vs. Year Ago
WATERBURY, Vt.--(BUSINESS WIRE)-- Green Mountain Coffee Roasters Inc., (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers with its innovative Keurig® brewing technology, today announced its results for the 13 weeks ended December 28, 2013.
"We delivered 4% sales growth and experienced our best holiday season ever," said Brian P. Kelley, GMCR's President and CEO. "We achieved record brewer volume, revenue and retail sell-through despite a challenging holiday season for many retailers, demonstrating the growing popularity of our Keurig brewing system among North American consumers. We believe these results will drive continued strong Keurig brewer installed base growth and future portion pack consumption. We're very pleased with our solid gross margin progress, our 26% non-GAAP earnings growth and our $212 million in free cash flow in the quarter."
The Company's 4% sales growth in the first quarter of fiscal year 2014 compared to the prior year period includes the unfavorable impact of foreign currency exchange rates which reduced net sales by approximately 0.8%.
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