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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.