Green Mountain (GMCR) Gets Boost as Peer Sodastream (SODA) Reports Strong Q2 Results, Boosted Outlook
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Price: $82.16 +3.61%
Revenue Growth %: +13.0%
Financial Fact:
Cost of sales: 589.65M
Today's EPS Names:
ATU, CRWS, CLC, More
Revenue Growth %: +13.0%
Financial Fact:
Cost of sales: 589.65M
Today's EPS Names:
ATU, CRWS, CLC, More
Trade GMCR Now!
Green Mountain Coffee Roasters (Nasdaq: GMCR) is looking stronger Wednesday morning following peer Sodastream International's (Nasdaq: SODA) strong second-quarter 2012 results and improved outlook.
Sodastream reported Q2 EPS of 52 cents, topping expectations by six cents. In addition, Sodastream sees seven percent more revenue growth in 2012 with an additional five percent of net income growth over 2011.
Both Green Mountain and Sodastream address a niche market of single-serve, lower-cost beverages. Both are sold at retailers like Bed, Bath, and Beyond (Nasdaq: BBBY), Kohl's (NYSE: KSS), and others, usually in the same department and just steps from each other.
Last week, Green Mountain produced its own strong Q2 results and outlook, sending shares vastly higher.
Ahead of the bell, Sodastream is up over 9 percent, while Green Mountain is indicated 0.6 percent higher.
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Sodastream reported Q2 EPS of 52 cents, topping expectations by six cents. In addition, Sodastream sees seven percent more revenue growth in 2012 with an additional five percent of net income growth over 2011.
Both Green Mountain and Sodastream address a niche market of single-serve, lower-cost beverages. Both are sold at retailers like Bed, Bath, and Beyond (Nasdaq: BBBY), Kohl's (NYSE: KSS), and others, usually in the same department and just steps from each other.
Last week, Green Mountain produced its own strong Q2 results and outlook, sending shares vastly higher.
Ahead of the bell, Sodastream is up over 9 percent, while Green Mountain is indicated 0.6 percent higher.
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Soda short
Davo on Aug 8, 2012 08:50 AMMark as Spam | Reply to this comment
I can't believe how many stupid people shorted this stock. The percentage of the short float was huge. This things going to pop when it opens.