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News Breaks
February 4, 2014
12:34 EDTGMCREarnings Preview: Green Mountain shares up ahead of Q1 report
Green Mountain Coffee Roasters (GMCR) is scheduled to report first quarter results after the market close on Wednesday, February 5, with a conference call scheduled for 5:00 pm ET. Green Mountain is engaged in the specialty coffee and coffee maker businesses and owns the "Keurig" brand of single-serve coffee makers and products. EXPECTATIONS: Analysts are looking for earnings per share of 90c on revenue of $1.4B, according to First Call. The consensus range for EPS is 87c-98c on revenue of $1.36B-$1.49B. LAST QUARTER: Green Mountain reported fourth quarter adjusted EPS of 89c against estimates for 75c, on revenue of $1.05B against estimates for $964.56M. The company forecast Q1 adjusted EPS of 85c-90c and net sales growth of low-to-mid single digits year-over-year. At that time Green Mountain also forecast its fiscal year 2014 EPS view $3.75-$3.85 against estimates at that time of $3.78, and guided to FY14 net sales growth in the high single digits over fiscal year 2013. The company also guided for stronger revenue growth in the second half of the year. Green Mountain authorized an additional $1B share repurchase plan and said "Over the long term, the company continues to expect double digit annual revenue growth and annual earnings growth in the mid-teens as we launch a new Keurig hot single-serve system and other anticipated disruptive product innovations." NEWS: During the quarter, T. Rowe Price reported a 4.1% passive stake in the company and the Sacramento Bee cited a Sacramento attorney that said Rogers Family Coffee "makes the more persuasive case" in that company's efforts to sell cartridges that fit in Green Mountain's Keurig roasting system, which Green Mountain argued infringes K-Cup patents. STREET RESEARCH: Longbow recently said that sales of Green Mountain's Keurig brewer rose year-over-year over the last several weeks at Wal-Mart (WMT), Target (TGT) and Bed, Bath & Beyond (BBBY), despite difficult comparisons. The firm also noted that demand for K-Cup coffee pods was up by double digit percentage levels at almost all the retailers it surveyed. Stifel said that retailer acceptance of Green Mountain's new Keurig 2.0 machines has so far been "muted," partly due to the large number of Keurig 1.0 machines they have, and the long period necessary to convert to Keurig 2.0. PRICE ACTION: Over the last three months, Green Mountain shares are up over 23%. Year-to-date, shares are up over 5.5%. Ahead of tomorrow's earnings, shares are up over 2%.
News For GMCR From The Last 14 Days
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August 19, 2014
09:01 EDTGMCRKeurig Green Mountain estimates raised at SunTrust
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August 15, 2014
12:16 EDTGMCRMonster surges as Coca-Cola takes 16.7% stake in company
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August 14, 2014
07:39 EDTGMCRKeurig Green Mountain estimates lowered well below consensus at SunTrust
SunTrust lowered forecasts well below consensus for Keurig Green Mountain, as the firm believes its gross margins will be impacted by higher green coffee costs and new product launches. The firm's FY15 EPS estimate goes to $3.70 from $4.00, vs. consensus of $4.05, and FY16 was lowered to $4.39 from $4.49. When the company reports Q4 result in November, the analyst expects the company to provide FY15 guidance around its new estimate and for Street estimates to move lower. Shares are Neutral rated with a lowered price target of $110, down from $115.
07:07 EDTGMCRKeurig Green Mountain announces price increase, effective November 3
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August 8, 2014
10:34 EDTGMCROptions with decreasing implied volatility
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06:06 EDTGMCRKeurig Green Mountain implied volatility of 34 at lower end of index mean range
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