• 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
    BENNINGTON — A Sandgate man with a previous conviction for a sex crime against a child in New... Full Story
    Thousands of Vermonters will have the chance to get their driver’s licenses back starting Thursday. Full Story
    A Castleton man, who police said has had several incidents at Fowler Services, denied striking... Full Story
    More Articles