Green Mountain Coffee Roasters Soars 24% After Q4 Results
Green Mountain Coffee Roasters (NASDAQ: GMCR) soared in Tuesday's after hours trading session after the company released its fiscal fourth-quarter results and raised its adjusted earnings per share guidance for the full-year 2013. Shares had soared more than 24 percent to $36.00.
The company reported non-GAAP net income of $100.97 million or $0.64 per share for the fourth-quarter, versus $75.28 million or $0.47 per share, in the year-ago period. This easily beat Wall Street analysts' consensus earnings per share estimates of $0.48.
Net sales in the period rose to $946.74 million from $711.88 million last year. This also came in ahead of Wall Street consensus estimates of $902.23 million.
Looking ahead to the first-quarter of fiscal 2013, Green Mountain said that it expects non-GAAP earnings per share between $0.62 and $0.67. Sales growth is expected to be between 14 percent and 18 percent. Currently, analysts have consensus earnings per share estimates of $0.59 for the fiscal first-quarter.
For the full-year 2013, Green Mountain now sees non-GAAP earnings per share in a range of $2.64 to $2.74 versus its previous guidance of $2.55 to $2.65. Net sales are still expected to be up 15 percent to 20 percent in the period. Currently, analysts expect that Green Mountain will report earnings per share of $2.51 on revenue of $4.39 billion in fiscal 2013.
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