Green Mountain Coffee Roasters, Inc., (GMCR) announced its fourth quarter and fiscal year results for the 14 and 53 weeks ended Sept. 29, 2012. Fourth quarter net sales were $946.70, compared with $711.90 in 2011, an increase of 33 percent. Fiscal 2012 revenues increased 46 percent, from $2,650.90 in 2011, to $3,859.20 in 2012. The company reported generally accepted accounting principles (GAAP) earnings per share (EPS) of $.58, up from $.47 from 2011, a 23 percent increase and Non-GAAP EPS of 36 percent, increasing from $.47 in 2011 to $.64.
"Our fourth quarter fiscal year 2012 revenue and earnings growth speaks to GMCR's continued strategic progress and we believe points to the significant opportunity still ahead for the Company," said GMCR's President and CEO, Lawrence J. Blanford. "We continue to drive awareness of Keurig® single cup brewing and consumers continue to embrace and adopt Keurig® brewers and Keurig Brewed® beverages as an integral part of their daily routine."
During 2012, the Harris Poll 2012 EquiTrend® Study named Keurig® the coffee maker "Brand of the Year" and Green Mountain Coffee® the coffee "Brand of the Year." In addition, Landor Associates' annual Breakaway Brands Study, which identifies U.S. brands showing sustained brand-strength growth over a three-year period spanning 2008 through 2011, ranked the Keurig® brand second, with 79 percent growth in brand strength over the period.
"The innovative spirit that pervades the entire GMCR organization is nothing less than inspiring," continued Blanford. "In the span of less than ten months, our organization has introduced two new brewing platforms, the Keurig® Vue® brewer and in cooperation with our partner, Lavazza, the Keurig® Rivo™ Cappucino and Latte system. We also introduced a Vue® model for our away-from-home customers and multiple new beverages, including the very first varieties in our new Wellness Brewed™ collection."
"As we look to the future, we remain committed to bringing fresh ideas to light; pushing forward disruptive technologies; and capturing true innovation in products that delight consumers." Blanford concluded, "We also remain focused on driving sales and earnings in line with our longer term outlook and continuing to allocate capital wisely to balance profitability, cash flow and investment."