Green Mountain Coffee Roasters Drip Drops Lower on Q4 Earnings

Shares of Green Mountain Coffee Roasters GMCR are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 25.78%, trading at $49.74; they ended the regular session lower by 4.67%, at $67.02. Green Mountain Coffee Roasters reported Q4 EPS of $0.47 on revenues of $711.9 million; the Street was looking for $0.46 per share on revenues of $460.48 million. Revenues increased 90.4% year over year. The company sees FY2012 EPS in the range of $2.55-2.65 on revenues of $4.24-4.37 billion; the Street was at $2.55 per share on revenues of $4.36 billion. "With 95% annual revenue growth over last year the business continues to demonstrate extraordinary momentum as a result of broad consumer adoption of the Keurig(R) Single Cup Brewing system," said Lawrence J. Blanford, president and CEO of GMCR. "We are seeing continued evidence of strong consumer demand for both brewers and portion packs from our customers and from third party sources that track consumer purchases such as NPD Group and SymphonyIRI Group, Inc. For instance, NPD reports Keurig(R) Single Cup Brewer unit sales increased 56% in our fiscal 2011 fourth quarter from the same period last year. As an indication of what we believe will be strong holiday consumer demand, for the month of September alone, NPD reports Keurig brewer unit sales are up 73% from the same month in 2010." Green Mountain Coffee Roasters, Inc. is engaged in the specialty coffee and coffee maker businesses. The company operates in two business segments: the Specialty Coffee business unit and the Keurig business unit.