Green Mountain Reports Q1 Results

Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) announced first quarter results. Net sales increased 26.8% to $63.9 million, up from $50.4 million in the first quarter of 2005. Total coffee pounds shipped were up 18.5% to 7.5 million pounds. Net income for the first quarter increased 23.9% to $3.0 million, or $0.38 per diluted share, compared to $2.4 million, or $0.32 per diluted share for the first quarter of 2005.

Robert Stiller, Chairman, President and Chief Executive Officer, said, “I am pleased with our strong sales growth this quarter which has exceeded our prior expectations and guidance of 20% to 25%. I am particularly happy with the momentum in all of the Company’s channels with many exciting developments and opportunities like McDonald’s restaurants in New England and New York. We continue to build strength in our office coffee service and consumer direct businesses. As we anticipated, our growth has been fueled largely by people’s enthusiasm for our coffee in the Keurig Single-Cup Brewer, as well as by increasing demand for our Fair Trade Certified(TM) and organic offerings. This success is gratifying to all of us at the Company as we seek to provide consumers with the ultimate coffee experience and also make a positive difference in the world.”

Green Mountain Coffee Roasters, Inc. is a leader in the specialty coffee industry offering over 100 coffee selections including estate, certified organic, Fair Trade Certified(TM), signature blends, and flavored coffees that sell under the Green Mountain Coffee Roasters and Newman’s Own Organics brands.

Keurig, Inc. (“Keurig”) manufactures brewing equipment that allows users to brew high-quality specialty coffee one cup at a time. Green Mountain Coffee has 42% equity ownership of Keurig. In addition, Green Mountain Coffee is the largest of four roasters licensed to distribute the K-Cups that are used with Keurig Single-Cup Brewers. The Company sells K-Cups to businesses through its office coffee service channel, and to home users through its consumer direct channel.