Green Mountain Coffee posts 33% rise in Q4 sales

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Green Mountain Coffee posts 33% rise in Q4 sales
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Green Mountain Coffee Roasters Inc. late Tuesday said fiscal fourth-quarter net earnings were $91.9 million, or 58 cents a share, compared with $75.4 million, or 47 cents a share, a year ago. Sales at the company, known for its Keurig line of single-cup brewers, climbed 33% to $946.7 million from $711.9 million a year earlier. Adjusted earnings were 64 cents a share for the most recent period. Analysts polled by FactSet had expected adjusted earnings of 48 cents on sales of $902.7 million. For fiscal year 2013, Green Mountain said it still expects total net sales growth of 15% to 20% over fiscal year 2012. It also now expects fiscal year 2013 adjusted earnings of $2.64 to $2.74 a share.