Green Mountain Coffee Beats 3Q Expectations

Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) announced 3Q08 results for the period ending June 28, 2008 that beat analyst expectations.

The coffee company reported 3Q earnings of $6.3 million, or $0.25 cents a share, compared with $3.7 million, or $0.15 cents a share, a year ago.

Net sales rose 43% to $118.1 million. Analysts were expecting earnings of $0.21 cents a share, on revenue of $119.1 million, according to Reuters.

Lawrence J. Blanford, President and CEO, said, "I am proud of our continued, strong financial performance, particularly in today’s business environment. Our two business segments–Green Mountain Coffee and Keurig–have done an exceptional job in both servicing customers and actively managing expenses to bring profits to the bottom line."

The company’s operating income was $11.3 million in 3Q08, as compared to $7.4 million reported in 3Q07, and improved as a percentage of net sales to 9.6% from 8.9%.

Green Mountain expects 2008 earnings of $0.90 to $0.92 cents per share and net sales growth of 44 to 46%.

About Green Mountain Coffee Roasters, Inc.

Green Mountain Coffee Roasters, Inc. is recognized as a leader in the specialty coffee industry for its award-winning coffees, innovative brewing technology and socially responsible business practices. GMCR manages its operations through two wholly owned business segments: Green Mountain Coffee and Keurig. Its Green Mountain Coffee division sells more than 100 high-quality coffee selections, including Fair Trade Certified^TM organic coffees, under the Green Mountain Coffee® and Newman’s Own® Organics brands through its wholesale, direct mail and e-commerce operations. Green Mountain Coffee also produces its coffee as well as hot cocoa and tea in K-Cup® portion packs for Keurig® Single-Cup Brewers. Keurig, Incorporated is a pioneer and leading manufacturer of gourmet single-cup coffee brewing systems for offices, homes and hotel rooms. Keurig markets its patented brewers and K-Cups® through office distributors, retail and direct channels (www.Keurig.com). K-Cups are produced by a variety of licensed roasters including Green Mountain Coffee. Green Mountain Coffee Roasters, Inc. has been recognized repeatedly by CRO Magazine, Forbes and SustainableBusiness.com as a good corporate citizen and an innovative, high-growth company.