Keurig Green Mountain, Inc. (NASDAQ: GMCR) announced Wednesday its financial results for its fourth fiscal quarter and beat analyst estimates.
Revenue came in at $1.95 billion, above estimates of $1.16 billion and above the $1.047 reported in the year-ago period.
Non-GAAP net income was $148.8 million with Non-GAAP diluted income per share of $0.90, well above estimates of $0.77 and above the $0.89 reported in the year-ago period.
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"2014 was an exciting year that saw Keurig Green Mountain successfully execute against aggressive strategic goals and meet or exceed all of our financial targets," said Brian Kelley, Keurig's President and CEO. "The fourth quarter was a strong end to the year, with 17 percent Keurig beverage system revenue growth highlighted by strong portion pack growth across our brand portfolio."
For Q1 2015 the company guided net sales growth in the high-single digits over the first quarter of fiscal year 2014, an effective tax rate of approximately 35-35.5 percent and non-GAAP earnings per diluted share in a range of $0.83 to $0.88.
Keurig Green Mountain, Inc. traded at $152.00 in the aftermarket, down 1.27 percent.
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