Green Mountain Coffee Shares Soar on 2Q Results

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares climbed skyward this morning rising $12.38 to $76.45 per share.  The near 20% increase has led to heavier than normal volume as 6.5 million shares have been moved already this morning, Compared to average daily volume of 4.1 million shares.

Green Mountain Coffee’s revenue more than doubled in the 2Q to help the coffee seller to post better than expected earnings. With earnings of $65.4 million or $.44 per share Green Mountain bested 2Q results from a year ago. Revenue surged to $647.7 million up from $322 million.

“We believe healthy post-holiday in-store brewer inventory levels and positive word of mouth from enthusiastic Keurig owners combined to help drive a very strong fiscal second quarter for Green Mountain Coffee Roasters,” said Lawrence J. Blanford, president and CEO.

Green Mountain coffee Made headlines earlier this year as it came to an agreement with Starbucks to begin selling its brand of specialty coffees in single serving sizes that would fit the Keurig Brewing system.

About Green Mountain Coffee roasters
Green Mountain Coffee Roasters, Inc. operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.

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