Keurig Green Mountain (GMCR) Tops Q4 EPS by 13c

Keurig Green Mountain (NASDAQ: GMCR) reported Q4 EPS of $0.90, $0.13 better than the analyst estimate of $0.77. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.16 billion.

“2014 was an exciting year that saw Keurig Green Mountain successfully execute against aggressive strategic goals and meet or exceed all of our financial targets,” said Brian Kelley, Keurig’s President and CEO. “The fourth quarter was a strong end to the year, with 17% Keurig beverage system revenue growth highlighted by strong portion pack growth across our brand portfolio.”

“Looking to fiscal year 2015, we remain focused on what we believe is a significant opportunity to grow and premiumize home beverages in both our hot and cold platforms. We’ll continue to invest and execute behind this opportunity, given the powerful brand connection we’ve built with consumers and our successful track record of introducing disruptive and innovative products,” continued Kelley. “Our strong balance sheet and healthy free cash flow generation are an advantage, enabling us to invest behind organic growth and return meaningful cash to shareholders in the form of both dividends and share repurchases.”

Reflecting its commitment to return capital to shareholders and its expectation for continued strong cash flow generation, the Company announced a 15 percent increase in its indicated annualized dividend to $1.15 per share from $1.00. The increase will take effect with the February 12, 2015 quarterly dividend payment of $0.2875 declared by the Board payable to shareholders of record as of the close of business on January 13, 2015.

Keurig Green Mountain sees FY15 sales growth in the high-single to low-double digits compared to fiscal year 2014.

The company is looking for Q1 adjusted EPS of $0.83 - $0.88, with the consensus of $0.96.

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

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