Green Mountain Coffee Roasters Inc. (GMCR) reported net income for the first quarter of $12.49 million or $0.27 per share, compared to $14.38 million or $0.37 per share in the year-ago quarter.
Excluding the favorable impact of the patent settlement in 2009, the first quarter GAAP and non-GAAP fully net income per share of $0.27 represents a 163% increase over non-GAAP earnings per share of $0.10 per share in fiscal 2009.
Net sales for the quarter increased 77% to $349.4 million from $197.0 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.16 per share, on revenues of $329.63 million for the quarter. Analysts estimates typically exclude special items.
Looking ahead, the company raised its expectations for fiscal 2010 EPS to a range of $1.95 to $2.05 per share from prior estimates of $1.85 to $1.95 per share, excluding any one-time acquisition-related transaction.
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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.