Green Mountain Coffee Roasters
The 10-second takeaway
For the quarter ended March 30 (Q2), Green Mountain Coffee Roasters missed slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
Green Mountain Coffee Roasters notched revenue of $1.00 billion. The 11 analysts polled by S&P Capital IQ anticipated revenue of $1.02 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $885.1 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 $0.93. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. Non-GAAP EPS of $0.93 for Q2 were 58% higher than the prior-year quarter's $0.59 per share. GAAP EPS of $0.87 for Q2 were 50% higher than the prior-year quarter's $0.58 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 41.3%, 590 basis points better than the prior-year quarter. Operating margin was 21.1%, 420 basis points better than the prior-year quarter. Net margin was 13.2%, 270 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.02 billion. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $4.45 billion. The average EPS estimate is $2.87.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,077 members out of 1,500 rating the stock outperform, and 423 members rating it underperform. Among 374 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 274 give Green Mountain Coffee Roasters a green thumbs-up, and 100 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 $52.18.
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