UPDATE 1-Green Mountain Q4 profit doubles on K-Cup sales

jueves 13 de noviembre de 2008 00:06 CET
 

* Q4 profit doubles, beats estimates by $0.07

* Strong sales of Keurig brewers, K-Cup portion packs

* Q4 revenue beats estimates by $5.3 mln

* Sees fiscal 2009 revenue above estimates

* Shares up 5 percent

Nov 12 (Reuters) - Coffee company Green Mountain Coffee Roasters Inc GMCR.O reported a two-fold rise in quarterly profit as it shipped more Keurig brewers and K-Cup portion packs, and forecast revenue above market estimates for the current financial year, sending its shares up 5 percent.

The company, which saw a 62 percent rise in its shipments of K-Cup portion packs in the fourth quarter ended Sept. 27, said it expects to sell more than double the amount of At Home Single-Cup Keurig brewers and K-Cups during this holiday season in retail stores.

For the quarter, the Waterbury, Vermont-based company earned $7.1 million, compared with $3.6 million a year ago. Net sales rose 45 percent to $134.8 million.

The Keurig segment, which sells single cup brewing system, coffee and tea in K-Cups mainly in domestic wholesale and retail markets, contributed $74.6 million to Green Mountain's revenue in the quarter.   Continuación...