Green Mountain Coffee Roasters Q3 net income up 123%
Green Mountain Coffee Roasters Q3 net income up 123%
30-07-2009
Green Mountain Coffee Roasters has reported a net income of $14.1 million, or $0.36 per diluted share, for the third quarter ended June 27, 2009, a 123% increase, compared to $6.3 million, or $0.16 per diluted share, in the third quarter of fiscal 2008.
For the third quarter of fiscal 2009, net sales were $190.5 million, a 61% increase, compared to $118.1 million in the third quarter of fiscal 2008.For the thirty-nine weeks ended June 27, 2009, net sales were $580.84 million, compared to $365.44 million in the same period of 2008.
Net income was $41.51 million, or $1.06 per diluted share, compared to $15.21 million, or $0.40 per diluted share, in the same period of 2008.Lawrence Blanford, president and CEO of Green Mountain Coffee Roasters, said: “We are very pleased with our performance this past quarter.
Over the last twelve quarters our overall top-line growth has averaged 56%. We believe our consistently strong top-line growth demonstrates that the quality, convenience and value of the Keurig Single-Cup Brewing System have caused a revolution in how consumers prepare and enjoy their coffee.”
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Green Mountain Coffee Roasters Q3 net income up 123%
30-07-2009
Green Mountain Coffee Roasters has reported a net income of $14.1 million, or $0.36 per diluted share, for the third quarter ended June 27, 2009, a 123% increase, compared to $6.3 million, or $0.16 per diluted share, in the third quarter of fiscal 2008.
For the third quarter of fiscal 2009, net sales were $190.5 million, a 61% increase, compared to $118.1 million in the third quarter of fiscal 2008.For the thirty-nine weeks ended June 27, 2009, net sales were $580.84 million, compared to $365.44 million in the same period of 2008.
Net income was $41.51 million, or $1.06 per diluted share, compared to $15.21 million, or $0.40 per diluted share, in the same period of 2008.Lawrence Blanford, president and CEO of Green Mountain Coffee Roasters, said: “We are very pleased with our performance this past quarter.
Over the last twelve quarters our overall top-line growth has averaged 56%. We believe our consistently strong top-line growth demonstrates that the quality, convenience and value of the Keurig Single-Cup Brewing System have caused a revolution in how consumers prepare and enjoy their coffee.”