Green Mountain Coffee (GMCR) Falls on Cautious Analyst Comments
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Shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) are weaker Monday following cautious comments from analysts at Bernstein.
The firm said Green Mountain's sales growth will decelerate going forward, following checks at major distributor Bed Bath & Beyond (Nasdaq: BBBY). The analyst said Green Mountain's contribution to Bed Bath & Beyond comp growth will likely to fall to approx. 50bps by FY2012 from the from current approx. 140bps. He also said K-Cups will likely to be little changed to slightly down in FY2012-FY2013.
The firm goes rate Green Mountain Coffee and has a hold an Outperform on Bed Bath & Beyond.
Shares of Green Mountain are down 2.2 percent to $49.76 in mid-day trading. The company reports its Q1 results on February 1st.
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The firm said Green Mountain's sales growth will decelerate going forward, following checks at major distributor Bed Bath & Beyond (Nasdaq: BBBY). The analyst said Green Mountain's contribution to Bed Bath & Beyond comp growth will likely to fall to approx. 50bps by FY2012 from the from current approx. 140bps. He also said K-Cups will likely to be little changed to slightly down in FY2012-FY2013.
The firm goes rate Green Mountain Coffee and has a hold an Outperform on Bed Bath & Beyond.
Shares of Green Mountain are down 2.2 percent to $49.76 in mid-day trading. The company reports its Q1 results on February 1st.
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