Key Developments: Green Mountain Coffee Roasters Inc (GMCR.O)
79.30USD
18 Jun 2013
$-0.11 (-0.14%)
$79.41
$79.55
$79.85
$78.30
1,605,212
3,687,999
$81.70
$17.11
Latest Key Developments (Source: Significant Developments)
Green Mountain Coffee Roasters Inc Raises FY 2013 EPS Guidance; Lowers FY 2013 Revenue Guidance; Comments On Long Term Sales Guidance
Green Mountain Coffee Roasters Inc announced that it is raises fiscal 2013 Non-GAAP EPS estimates to $3.05 to $3.15 and targets net sales growth of 11% to 14% over fiscal 2012. The Company reported revenues of $3.86 billion in fiscal 2012. The Company also announced that it is comfortable with its longer-term outlook of annual net sales growth of 15% to 20%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.46 billion and EPS of $2.86 for fiscal 2013. Full Article
Green Mountain Coffee Roasters Inc Wins Dismissal Of Shareholder Lawsuit-Reuters
Reuters reported that Green Mountain Coffee Roasters Inc has won the dismissal of a shareholder lawsuit accusing it of making misleading statements to investors that ultimately resulted in a financial restatement and a regulatory inquiry. U.S. District Judge William Sessions in Burlington, Vermont, said investors fell short of making allegations to support a strong inference that the K-Cup manufacturer deliberately sought to mislead investors. A spokeswoman for Green Mountain said it was pleased with the decision. David Rosenfeld, a lawyer for the plaintiffs at Robbins Geller Rudman & Dowd, did not immediately respond to a request for comment. Full Article
Green Mountain Coffee Roasters Inc Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Green Mountain Coffee Roasters Inc announced that for second quarter of 2013, it expects total net sales growth in the range of 14% to 18% over the second quarter of fiscal 2012 and non-GAAP earnings per diluted share in a range of $0.70 to $0.75 per diluted share. For fiscal 2013, it expects net sales growth in the range of 15% to 20% over fiscal 2012 and non-GAAP earnings per diluted share in a range of $2.64 to $2.84 per diluted share. The Company reported revenue of $885 million in second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.06 billion and EPS of $0.73 for second quarter of 2013; revenue of $4.50 billion and EPS of $2.71 for fiscal 2013. Full Article
Green Mountain Coffee Roasters Inc Announces Board Changes
Green Mountain Coffee Roasters Inc announced several changes to its Board of Directors including the election of Norman H. Wesley to the role of Chairman of the Board of Directors and the appointment of A.D. "David" Mackay as an independent Director. Michael J. Mardy, who had previously served as interim Chairman of the Board, will continue in his role as Audit Committee Chair. Effective December 12, 2012, Mr. Mackay became a Class III Director with a term that expires at the Company`s 2014 Annual Meeting where he will stand for election by shareholders. Full Article
Green Mountain Coffee Roasters Inc Issues Q1 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Green Mountain Coffee Roasters Inc announced that for first quarter of 2013, it expects total net sales growth in the range of 14% to 18% over the first quarter of fiscal 2012 and non-GAAP earnings per diluted share in a range of $0.62 to $0.67 per diluted share. For fiscal 2013, it expects net sales growth in the range of 15% to 20% over fiscal 2012 and non-GAAP earnings per diluted share in a range of $2.64 to $2.74 per diluted share. The Company reported revenue of $1.16 billion in first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.56 billion and EPS of $0.70 for first quarter of 2013; revenue of $4.87 billion and EPS of $2.68 for fiscal 2013. Full Article
Green Mountain Coffee Roasters Inc Appoints Brian Kelley As CEO
Green Mountain Coffee Roasters Inc announced Brian Kelley will become President and Chief Executive Officer and a member of the Board of Directors effective December 3, 2012. Full Article
Kraft Foods Group Inc To Sell Maxwell House K-cups For Green Mountain Coffee Roasters, Inc.'s Keurig-Reuters
Reuters reported that Kraft Foods Group Inc plans to sell Maxwell House and Gevalia single-serve coffee pods compatible with Keurig brewing systems, in another blow to Keurig parent Green Mountain Coffee Roasters, Inc. The pods are not licensed by Keurig or affiliated in any way. That means that Green Mountain will not receive any royalties from their sale. The move by Kraft, which also owns the rival Tassimo single-serve brewer, represents the first time a big-name coffee brand has skirted Green Mountain in making cups for its market-leading system. Certain Green Mountain patents related to the design of its K-Cups expired in September, paving the way for a wave of competitors. Full Article
Green Mountain Coffee Roasters, Inc. Issues Q4 2012 Outlook Below Analysts' Estimates; Lowers FY 2012 Outlook; Comments On FY 2013 Revenue Outlook; Issues FY 2013 EPS Outlook Below Analysts' Estimates
Green Mountain Coffee Roasters, Inc. announced that for the fourth quarter of 2012, it expects total net sales in the range of $889.9-$925.5 million, non-GAAP earnings per diluted share (EPS) in a range of $0.45 to $0.50 per diluted share. For fiscal 2012, the Company anticipates total net sales in the range of $3.79-$3.84 billion, non-GAAP EPS in a range of $2.21 to $2.26 per diluted share, excluding approximately $0.20 per share due to the amortization of identifiable intangibles related to the Company's acquisitions. For fiscal 2013, it expects total net sales growth in the range of 15% to 20% over fiscal 2012 and non-GAAP EPS in a range of $2.55 to $2.65 per diluted share. The above fiscal 2013 guidance excludes approximately $0.18 per share due to the amortization of identifiable intangibles related to the Company's acquisitions; any acquisition-related transaction expenses; legal and accounting expenses related to the SEC inquiry and the Company's pending litigation; and, any impact from anticipated Company share repurchases. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $952.2 billion and EPS of $0.62 for the fourth quarter of 2012; revenue of $3.87 billion and EPS of $2.37 for fiscal 2012; ; revenue of $4.71 billion and EPS of $2.97 for fiscal 2013. Full Article
Dyer & Berens LLP Files Class Action on Behalf of Investors Who Purchased Green Mountain Coffee Roasters, Inc. Common Shares
Dyer & Berens LLP announced that it has filed a class action lawsuit in the United States District Court for the District of Vermont on behalf of purchasers of Green Mountain Coffee Roasters, Inc. common stock during the period between February 2, 2012 and May 2, 2012. The complaint contains allegations that, during the Class Period, defendants issued materially false and misleading statements regarding the Company's growth and demand for its products. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: that demand for the Company's brewers and portion packs had slowed; that the Company's models for predicting consumer demand were flawed and ineffective; and defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Based upon the foregoing, the complaint charges the Company and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Full Article
Goldfarb LLP Investigates Green Mountain Coffee Roasters, Inc. On Behalf Of Stockholders
Goldfarb LLP announced that it is investigating officers and directors of Green Mountain Coffee Roasters, Inc. for violating shareholder protection laws in connection with activities by founder Robert Stiller. Full Article
UPDATE 1-Exports help Lavazza return to profit in 2012
* International sales, cost-cutting help Lavazza return to profit
Earnings vs. 
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