UPDATE 2-Green Mountain Coffee Q2 net doubles,inks Wal-Mart deal

jueves 30 de abril de 2009 00:56 CEST

* Q2 EPS 50 cents beats estimates 36 cents

* Inks distribution deal with Wal-Mart

* Raises FY '09 outlook

* Shares surge as much as 14 percent (Adds conference call and Wal-Mart partnership details)

BANGALORE, April 29 (Reuters) - Green Mountain Coffee Roasters Inc's GMCR.O second-quarter profit more than doubled, boosted by sales from its flagship Keurig Single-Cup Brewing System and raised its outlook for the year.

Separately, the company said it entered into a distribution partnership with Wal-Mart Stores Inc (WMT.N: Cotización), where the world's largest retailer would distribute Keurig coffee brewers in over 3000 of it stores.

Green Mountain shares as much as 14 percent in trading after the bell following the results.

The Waterbury, Vermont-based company's profit rose 118 percent to $12.98 million, or 50 cents a share, from $5.96 million or 23 cents a share in the year-ago quarter.

In March this year, Green Mountain completed acquisition of the Tullys Coffee brand and wholesale coffee business for $40.3 million from Tullys Coffee Corp.   Continuación...