$GMCR Beats Estimates With Revs Growing 16%, Guidance Off, Stock Tanks 10%

“WATERBURY, Vt.–(BUSINESS WIRE)–

Green Mountain Coffee Roasters, Inc., (GMCR) (GMCR), a leader in specialty coffee and coffee makers, today announced its first quarter fiscal year 2013 results for the 13 weeks ended December 29, 2012.

“Our strong first quarter performance underscores the connection consumers have to their Keurig^® brewers; the soundness of our business model; and, the value inherent in our brand portfolio,” said Brian P. Kelley, GMCR’s President and CEO. “While the GAAP earnings comparison was affected by a non-recurring gain on the sale of Filterfresh in the first quarter of fiscal 2012, our non-GAAP earnings per share of $0.76 grew 27%.”

“The Keurig^® Single Cup brewing system is a powerful breakthrough for the beverage business, with significant untapped potential in the U.S. and globally. We are in the early days of a marked evolution in how consumers purchase, prepare and customize hot beverages in their homes,” said Kelley. “With a robust innovation pipeline and a growing awareness and commitment to the Keurig^® brand, GMCR is well positioned to continue to lead this disruptive shift in consumer behavior.” ..”

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