Green Mountain Coffee Roasters (GMCR) Tops Q3 EPS by 2c; Guides Q4, FY12 Below Views; Approves $500M Buyback

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Green Mountain Coffee Roasters (NASDAQ: GMCR) reported Q3 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $869.2 million versus the consensus estimate of $873.29 million.

GMCR’s Board of Directors has authorized the Company to repurchase up to $500.0 million of its common shares over the next two years, at such times and prices as determined appropriate by the Company's management in collaboration with the Board of Directors. The shares will be purchased with cash on hand, cash from operations, and funds available through our existing credit facility.

Green Mountain Coffee Roasters sees Q4 2012 EPS of $0.45-$0.50, versus the consensus of $0.62. Green Mountain Coffee Roasters sees Q4 2012 revenue of $889.9-$925.5 million, versus the consensus of $952.2 million.

Green Mountain Coffee Roasters sees FY2012 EPS of $2.21-$2.26, versus the consensus of $2.37. Green Mountain Coffee Roasters sees FY2012 revenue of $3.79-$3.84 billion, versus the consensus of $3.87 billion.

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

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