Green Mountain Coffee Roasters has reported net sales of $349.36m for the first quarter fiscal 2010 ended December 26, 2009, an increase of 77 percent compared to $196.98m for the comparable period in 2008.
The company has posted a net income of $ 12.49m for the first quarter fiscal 2010, or $0.27 per diluted share, compared to $14.38m, or $0.37 per diluted share, for the comparable period in 2008. Operating income was $23.07m, compared to $24.95m for the comparable period in 2008.
Lawrence Blanford, president and CEO of Green Mountain, said: “Building on our excellent fiscal 2009 performance, it is exciting to be off to an outstanding start for fiscal 2010. Our Company continues to deliver superb financial results that demonstrate the resiliency and trans-formative nature of our unique business model.
“The Keurig Single-Cup Brewing System and our growing family of brands and K-Cup portion pack products are changing the way consumers in North America prepare and enjoy their coffee and other beverages. Looking forward, we are committed to continuing to represent the best of business in terms of our growth and profitability and our ability to make a positive difference in the world.”
Will Green Mountain further improve net income in Q2?
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