Green Mountain Coffee Roasters earnings increaseMay 08,2013Staff 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."MORE IN This Just InMONTPELIER — The state Public Service Board has ordered Vermont Gas Systems to stop digging... Full Story
- Most Popular
- Most Emailed
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Archaeologists find a leather shoe in a cave in Armenia that predates the Pyramids by more than a thousand years.
- RICHARD'S POOR ALMANACK: On this day in 1932, President Hoover orders the Army to evict bonus marchers from Anacostia Flats; author Malcolm Lowry born this day, as is Jackie Kennedy and Mike Bloomfield; Stephen Crane on consuming one's own heart.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Earth barely avoids being blasted by immense solar flare in 2012, astrophysicists say next time might not be so lucky.
- RICHARD'S POOR ALMANACK: On this day in 1898, Nelson Miles leads American troops into Puerto Rico during Spanish-American War, Bob Dylan electrifies Newport Folk Festival in 1965, author and longshoreman Eric Hoffer born this day in 1902.
- TOMORROW'S HEADLINES TODAY: No charges to be filed inconnection with crash of city police cruiser, farmers group turn to Internet to raise money for solar project, Street Talk polls passersby about legal marijuana.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information for Friday, July 25, and easily digestible news tidbits: Mysterious enormous hole in the Siberian tundra baffles scientists.