Green Mountain Coffee Roasters, Inc., (GMCR) reported third-quarter net income attributable to the company of $73.3 million or $0.46 per share, up from $56.3 million or $0.37 per share in the comparable quarter last year.
Excluding items, non-GAAP net income for the quarter was $82.9 million or $0.52 per share, up from $75.7 million or $0.49 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the latest quarter rose 21 percent to $869.2 million from $717.2 million last year. Twelve analysts had a consensus revenue estimate of $873.29 million for the quarter.
Looking ahead, the company said that it expects to earn $0.45-$0.50 per share on revenues ranging from $889.9 million to $925.5 million in the fourth quarter. Analysts currently expect the company to earn $0.62 per share on revenues of $952.21 million in the fourth quarter.
For the fiscal year 2012, the company lowered its non-GAAP earnings guidance to $2.21-$2.26 per share on revenues ranging from $3.79 billion to $3.84 billion. Previously the company had expected non-GAAP earnings of $2.40-$2.50 on net sales of $3.8 billion to $4.0 billion for the fiscal year 2012.
Analysts expect the company to earn $2.37 on revenues of $3.87 billion in the fiscal year 2012.
The company also provided outlook for the fiscal year 2013 wherein it expects non-GAAP earnings of $2.55-$2.65 per share on a 15-20 percent growth in sales over fiscal 2012.
For the fiscal year 2013, analysts expect the company to earn $2.97 per share on revenues of $4.72 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.