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Green Mountain Coffee Roasters Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: May 2, 2012 04:00PM

Green Mountain Coffee Roasters Inc. (GMCR) filed Quarterly Report for the period ended 2012-03-24. Green Mtn Coffe has a market cap of $7.55 billion; its shares were traded at around $33.15 with a P/E ratio of 23.9 and P/S ratio of 2.9. Green Mtn Coffe had an annual average earning growth of 32.9% over the past 10 years. GuruFocus rated Green Mtn Coffe the business predictability rank of 2.5-star.



Highlight of Business Operations:

KBU segment net sales increased by $91.5 million, or 34%, to $362.8 million in the second quarter of fiscal 2012 as compared to $271.3 million in the prior year period. The increase is due primarily to a $73.5 million, or 45%, increase related to the sale of K-Cup® packs and a $17.3 million, or 17%, increase related to the sale of Keurig® Single Cup Brewers and accessories.

CBU segment net sales decreased by $8.8 million, or 6%, to $137.0 million in the second quarter of fiscal 2012 as compared to $145.8 million in the prior year period. The decrease is attributable to the sale of Filterfresh on October 3, 2011, which contributed $30.8 million in sales in the prior year period, offset by an increase in net sales of $22.0 million due primarily to a $15.7 million, or 32%, increase related to the sale of K-Cup® packs and a $6.2 million, or 81%, increase related to the sale of Keurig® Single Cup Brewers and accessories. Effective September 25, 2011, the beginning of our first quarter of fiscal 2012, Timothy’s and all AH single-cup business with retailers in Canada are included in the CBU segment. Prior to September 25, 2011, Timothy’s was included in the SCBU segment and a portion of the AH single cup business with retailers in Canada was included in the KBU segment. The $145.8 million in net sales in the prior period has been recast to reflect Timothy’s and the AH single cup business with retailers in Canada in the CBU segment.

SG&A expenses increased 33% to $163.4 million in the second quarter of fiscal 2012 from $123.2 million in the prior year period. As a percentage of sales, SG&A improved to 18.5% in the second quarter of fiscal 2012 from 19.0% in the prior year period. During the second quarter of fiscal 2012, we leveraged general and administrative expenses on a higher sales base. The increase in SG&A over the prior year period is primarily attributed to an additional $11.5 million of advertising and certain marketing expenses, $5.4 million of additional corporate social responsibility expenses, $3.6 million of additional salaries and related expenses and $3.1 million of additional consulting expenses compared to the prior year period.

KBU segment net sales increased by $366.9 million, or 61%, to $964.3 million in the 2012 YTD period as compared to $597.4 million in the prior year YTD period. The increase is due primarily to a $238.3 million, or 75%, increase related to the sale of K-Cup® packs and a $131.4 million, or 49%, increase related to the sale of Keurig® Single Cup Brewers and accessories.

For the 2012 YTD period, CBU segment net sales were $325.1 million as compared to $194.2 million in the prior YTD period. The increase is due to a $61.3 million, or 82%, increase related to the sale of K-Cup® packs, a $33.5 million, or 154%, increase related to the sale of Keurig® Single Cup Brewers and accessories, and a $67.1 million, or 104%, increase related to other products, partially offset by a $31.0 million decrease due to the sale of Filterfresh on October 3, 2011. Effective September 25, 2011, the beginning of fiscal 2012, Timothy’s and all AH single cup business with retailers in Canada are included in the CBU segment. Prior to September 25, 2011, Timothy’s was included in the SCBU segment and a portion of the AH single cup business with retailers in Canada was included in the KBU segment. The $194.2 million in net sales in the prior YTD period has been recast to reflect Timothy’s and the AH single cup business with retailers in

Read the The complete Report



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