Green Mountain Coffee Roasters missed analyst expectations yesterday, sending the stock down nearly 40% today.
Revenue for the Keurig manufacturer grew 91%, to $711 million, but was below both company and Wall Street guidance of $750 to $760 million. That miss, coupled with an inventory surge, made last night's conference call with analysts all the more important. Here's a roundup from some of the analysts on the call:
KeyBanc's Akshay Jagdale: Buy - $80 PT (lowered from $120) — There were four things GMCR needed to do to yesterday: 1) eliminate tail-risk by dismissing concerns regarding its capital expenditures plan; 2) beat and raise; 3) improve its financial disclosure; and 4) specifically address any other issues that were brought up in recent weeks by short sellers.
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In a blow to Green Mountain Coffee Roasters, Starbucks announced yesterday that it would enter the single-brew coffee machine business, a category dominated by Green Mountain. The news sent shares of the Keurig manufacturer down 24 ... Read Post
Green Mountain's adjusted earnings came in at $0.64. Revenue was $947 million. Shares are up 15 percent. Analysts expected Green Mountain Coffee Q3 revenue to hit $902 million with EPS to hit $0.48, when the company release its Q3 e... Read Post
Green Mountain Coffee Roasters announced first quarter earnings of $0.60 on revenue of $1.158 billion. Analysts polled by Bloomberg expected earnings per share of $0.36 on top line results of $1.06 billion. Analysts had also seen se... Read Post