• Green Mountain Coffee Roasters earnings increase
    May 08,2013
    • Email Article
    •  
    •  Print Article
     
    Staff Report

    WATERBURY - Green Mountain Coffee Roasters reported Wednesday second quarter earnings of 93 cents a share over the same period last year.

    Revenue increased 14 percent to $1 billion over the prior year period. Net income for the quarter was $140.9 million compared to $101.7 million a year ago.

    "Our industry-leading single serve business - made up of single serve packs, Keurig brewers and accessories - grew a healthy 16 percent in our second fiscal quarter contributing to strong earnings growth and significant free cash flow generation," said Brian Kelley, GMCR president and CEO.

    "We expect the Keurig brewer installed base in U.S. households to grow between 25 percent to 30 percent in fiscal 2013 with volume of our single serve packs growing proportionately with the anticipated brewer installed base."
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    HARTFORD VILLAGE — An off-duty Hartford police officer playing with his own dog at a local dog... Full Story
    Officer shoots pit bull at dog park
    BENNINGTON — “Why can’t a girl be one of the knights of the Round Table?” is a question even a... Full Story
    Lady Lucy book encourages girls to follow their dreams
    The encampment’s tent roofs were visible through the thin spring foliage. Full Story
    More Articles