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Green Mountain Falls Slightly After Q4 Earnings Report

Green Mountain Falls Slightly After Q4 Earnings Report

Green Mountain Coffee Roasters (NASDAQ: GMCR) is down slightly in after hours following the company's fourth quarter and full fiscal year results.

The company reported a Q4 EPS of $0.89 versus the Street estimate of $0.75.

Earnings per share were up 39 percent from the year-ago period.

Revenue came in at $1.05 billion versus the Street estimate of $966.27 million. Sales were up 11 percent year-over-year.

"We had a strong end to an excellent year, driven by continued consumer passion for the Keurig brewing system," Brian P. Kelley, Green Mountain's President and CEO, said in a company release.

"Our 16% annual revenue growth and 22% revenue growth for the fourth quarter were driven by robust brewer sales and continued portion pack sales momentum. We also continued to deliver solid operating results, growing non-GAAP earnings per share by 56% in the fourth quarter and 45% for the fiscal year. Importantly, for the year, free cash flow generation of $603 million was nearly eight times last year's $77 million."

Green Mountain also announced that it will add $1 billion to its buyback plan.

Looking ahead, the company expects its first quarter EPS to fall below the Street's estimate of $0.96, landing somewhere between $0.85 and $0.90 instead.

The firm's fiscal year 2014 EPS is looking a little better. Green Mountain expects it to fall within the $3.75 and $3.85 range versus the Street estimate of $3.78.

The stock is currently trading down less than one percent.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: Brian P. Kelley GREEN MOUNTAIN green mountain coffee roasters keurigEarnings News


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