Green Mountain Coffee Roasters
The 10-second takeaway
For the quarter ended March 24 (Q2), Green Mountain Coffee Roasters missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins contracted, and net margins expanded.
Green Mountain Coffee Roasters reported revenue of $885.1 million. The 12 analysts polled by S&P Capital IQ predicted a top line of $971.6 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $647.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.59. The eight earnings estimates compiled by S&P Capital IQ forecast $0.62 per share. GAAP EPS of $0.58 for Q2 were 32% higher than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.4%, 210 basis points worse than the prior-year quarter. Operating margin was 16.9%, 190 basis points worse than the prior-year quarter. Net margin was 10.5%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $872.0 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $3.89 billion. The average EPS estimate is $2.27.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 977 members out of 1,490 rating the stock outperform, and 513 members rating it underperform. Among 410 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 268 give Green Mountain Coffee Roasters a green thumbs-up, and 142 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Green Mountain Coffee Roasters is outperform, with an average price target of $86.
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