- This Season: Everybody's A Scrooge
- Warren Buffett, Bill Gates 'Walk & Talk' At Columbia
- Senate Democrats at Odds Over Health Care Bill
- What if a Recovery Is All in Your Head?
- Thanksgiving Week Stuffed With Economic News
- A Taxpayer's Must Read: The Fed Waltz With AIG
- Newspaper Circulation May Be Worse Than it Looks
- 10 Tips to Get Out of Debt
- Investors to Goldman: Be Less Greedy
- U.S. Stocks Slip, Dollar Rises
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Proposal to merge black schools draws fire
- Radiation prompts Three Mile Island probe
- Promoters have faith in ‘holy hip-hop’
- Real estate agents see return of foreign buyers
- Newspaper circulation may be worse than it looks
- Accounting rule helps boost some newspapers
- Holidays will again test NYC air travel bottleneck
- RI slow to spend millions in stimulus funding
- Rising unemployment taxes could hinder hiring
Text Size 
WATERBURY, Vt. - Green Mountain Coffee Roasters Inc. said Wednesday its profit doubled in the fiscal fourth quarter and the full year, but said first-quarter profit was likely to come in below analyst expectations.
Green Mountain shares fell $7.12, or 9.4 percent, to $68.79 in after-hours trading Wednesday following its earnings and outlook, after closing at $75.91, up 3.8 percent, in the regular session.
The company, based in Waterbury, Vt., issued first-quarter profit guidance of 11 cents to 15 cents per share, below an analyst expectation of 19 cents per share and the 37 cents per share it earned a year earlier. Analyst expectations typically exclude one-time items.
It also raised its profit estimate for fiscal 2010 to a range of $1.75 to $1.85 per share from an earlier $1.70 to $1.80 per share. Analysts expect $1.77 per share.
In the fourth quarter ended Sept. 26, the specialty coffee seller earned $14.4 million, or 34 cents per share, compared with $7.1 million, or 18 cents per share, a year earlier. Analysts polled by Thomson Reuters had predicted 33 cents per share.
The profit got a jolt as sales of its Keurig single-cup coffee packs grew, sending revenue up 65 percent to $222.2 million from $134.8 million. Analysts had expected $217 million.
Green Mountain said sales of the Keurig single-cup portion packs rose 70 percent in the quarter.
For the full year, Green Mountain's profit more than doubled to $55.9 million, or $1.39 per share, compared with $22.3 million, or 58 cents per share, the year before.
Adjusted per-share profit of $1.13 matched a consensus estimate of analysts.
Revenue rose 61 percent to $803 million from $500.3 million, beating an analyst prediction of $798 million in revenue.
Print
Email
- Technology can make or break a fortune in the world of alternative energy.
- Warren Buffett and Bill Gates discusses the economy and other subjects with CNBC's Becky Quick.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes