“We believe healthy post-holiday in-store brewer inventory levels and positive word of mouth from enthusiastic Keurig owners combined to help drive a very strong fiscal second quarter for GMCR,” said Lawrence J Blanford, GMCR’s president and CEO.
Net sales for the second quarter of fiscal 2011 increased 101% to $647.7m as compared to $322.0m for the second quarter of fiscal 2010.
Under Generally Accepted Accounting Principles (GAAP), net income for the second quarter of fiscal 2011 totalled $65.4m, or $0.44 per diluted share, representing an increase of 172% as compared to GAAP net income of $24.1m, or $0.17 per diluted share, for the second quarter of fiscal 2010.
Source: Green Mountain Coffee Roasters
© FoodBev Media Ltd 2024