Caribou Coffee (CBOU) Blames Green Mountain (GMCR) For Softer Outlook
Tweet
Share
E-mail
Get Alerts GMCR Hot Sheet
Price: $91.67 --0%
Financial Fact:
Selling and operating expenses: 111.36M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Selling and operating expenses: 111.36M
Today's EPS Names:
EDXC, BICX, FBPI, More
Join SI Premium – FREE
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is seeing some pressure after-hours Monday following second quarter numbers from Caribou Coffee Company, Inc. (NASDAQ: CBOU).
Caribou Coffee sees FY12 Diluted earnings per share of $0.43 to $0.46, versus the consensus of $0.49.
In the release the company states: "The change in the Company’s outlook is primarily attributable to the expectation of lower sales related to its Green Mountain relationship, which is driven by continued channel shifting, the short-term impact of new price tiers in the category, as well as the loss of a significant account in the club business. While these factors have created shifts to the near term, Caribou remains confident in its long-term growth prospects in the single-serve marketplace."
Shares of CBOU are down 5 percent after-hours, while GMCR is flat.
Caribou Coffee sees FY12 Diluted earnings per share of $0.43 to $0.46, versus the consensus of $0.49.
In the release the company states: "The change in the Company’s outlook is primarily attributable to the expectation of lower sales related to its Green Mountain relationship, which is driven by continued channel shifting, the short-term impact of new price tiers in the category, as well as the loss of a significant account in the club business. While these factors have created shifts to the near term, Caribou remains confident in its long-term growth prospects in the single-serve marketplace."
Shares of CBOU are down 5 percent after-hours, while GMCR is flat.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- Firm Capital Apartment REIT posts Q2 loss, plans name change
- Walmart (WMT) PT Lowered to $130 at Goldman Sachs
Create E-mail Alert Related Categories
Guidance, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
