Keurig Green Mountain (GMCR) Misses Q2 EPS by 2c; Issues Light Q3 Outlook; Adjusts FY15 Guidance

Keurig Green Mountain (NASDAQ: GMCR) reported Q2 EPS of $1.03, $0.02 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.15 billion.

Keurig Green Mountain sees Q3 2015 EPS of $0.75-$0.80, versus the consensus of $1.08. Net sales growth flat to up low-single digits compared to the third quarter of fiscal year 2014

Fiscal Year 2015

• Net sales growth flat to up low-single digits compared to fiscal year 2014
• An annual effective tax rate of approximately 34.5% to 35%
• Non-GAAP EPS decline in the mid-single digits. This outlook:
  • Includes an estimated $0.14 headwind from foreign currency exchange
  • Excludes the amortization of identifiable intangibles related to the Company’s acquisitions and legal and accounting expenses related to the Company’s pending securities and stockholder derivative class action litigation and antitrust litigation
• Free cash flow in the range of $120 million to $170 million
• Capital investment in the range of $425 million to $475 million

For earnings history and earnings-related data on Keurig Green Mountain (GMCR) click here.

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