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Current Position:Home » News » Beverages & Alcohol » Beverages » Topic

Coffee retailer GMCR net sales rise 14% in first nine months

Zoom in font  Zoom out font Published: 2013-08-08  Views: 34
Core Tip: Green Mountain Coffee Roasters (GMCR) has reported net sales of $3.31bn in the first nine months ended 29 June 2013 compared to net sales of $2.91bn during the same period in 2012.
Green Mountain Coffee Roasters (GMCR) has reported net sales of $3.31bn in the first nine months ended 29 June 2013 compared to net sales of $2.91bn during the same period in 2012.

GMCR has also posted gross profit of $1,242m in the first nine months of 2013 compared to the gross profit of $953m in the same period in 2012.

Operating income of the coffee retailer was $588m as against the operating income of $425m in the prior year period.

The company's net income for first nine months of 2013 was $357m compared to the net income of $271m in 2012.

GMCR president and CEO Brian P Kelley said that the company has also posted total revenue growth of 11%, driven primarily by a sales decline in Canada.

"Importantly, our U.S. business is very healthy, growing 14% in the period," Kelley added.

"Ongoing consumer adoption and continued use of installed Keurig® brewers drove 21% unit growth of our Keurig Brewed® portion pack business during our third fiscal quarter."

 
 
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