Green Mountain (NASDAQ:GMCR), which markets single-cup coffee makers and coffee packs, yesterday after the close reported Q4 EPS of 47c, compared with analysts' consensus estimate of 48c. The company's revenue was also lower than expected. However, Green Mountain reiterated its FY12 EPS guidance of .55-.65, in-line with the consensus estimate of .62. The shortfall in the company's Q4 results was partly due to "changes in wholesale customer ordering patterns in... grocery and club channels," said Green Mountain CEO Lawrence Blanford, who added that the company was continuing to see strong demand for its brewers and portion packs. Meanwhile -- in an apparent reference to allegations questioning the validity of the company's accounting methods -- Blanford said the company was confident that there was no misconduct or wrongdoing, after its Audit Committee reviewed the allegations. In mid day trade, Green Mountain sank .52, or 35.09%, to .44.
Tags: GMCR, Green Mountain Coffee Roasters, earnings, EPS, Business, finance, investing, stock, trading, news
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