Keurig Green Mountain (NASDAQ: GMCR) reported Q4 EPS of $0.85, $0.14 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.03 billion.
Business Outlook and Other Forward-Looking Information
The Company provided its outlook for fiscal year 2016:
Fiscal Year 2016
- Currency neutral net sales growth of flat to low single digits compared to fiscal year 2015. At current exchange rates, foreign currency is expected to negatively impact net sales growth by approximately 1%.
- An annual effective tax rate of approximately 33.0 % to 33.5%.
- Non-GAAP earnings per share of $3.25-$3.45. This includes an expected $100 million in productivity savings, additional share repurchase, an approximately $0.16 negative impact from foreign currency at current exchange rates. The midpoint of the guidance range includes a pre-tax estimated income statement loss of $125 million from the Keurig® KOLDTM beverage system. Non-GAAP EPS guidance excludes any restructuring or one-time charges related to the Company’s productivity initiative.
- Free cash flow in the range of $420 million to $500 million.
- Capital investment in the range of $225 million to $275 million, with total depreciation and amortization expense of $290 million.
(Street sees Q1 EPS of $0.78 on revenue of $1.36 billion and FY16 EPS of $3.47 on revenue of $4.69 billion).
For earnings history and earnings-related data on Keurig Green Mountain (GMCR) click here.
