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Last $56.56 USD
Change Today +1.46 / 2.65%
Volume 2.4M
GMCR On Other Exchanges
Symbol
Exchange
GMCR is not on other exchanges.
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

keurig green mountain inc (GMCR) Key Developments

Keurig Green Mountain, Inc. Announces Multi-Year Agreement to Bring the illy Brand and Signature illy Blend Coffee to K-Cup Pods for the Keurig Hot Brewing System in the United States and Canada

Keurig Green Mountain, Inc. announced a multi-year agreement to bring the illy brand and its signature illy blend coffee to K-Cup pods for the Keurig hot brewing system in the United States and Canada. The companies plan to launch a selection of illy coffees in K-Cup pods beginning with limited distribution in fall 2015, with plans to expand availability in 2016. Like illy’s coffees available in other formats, each K-Cup pod will contain illy’s distinctive blend of nine Arabica beans from around the world, sourced through direct trade to ensure utmost quality and traceability, according to the principles of sustainable development. The results are a consistently balanced taste that is smooth, rich, and full-bodied, and soon to be available to Keurig users who enjoy the simplicity and consistency of Keurig brewing. All illy coffee K-Cup pods will be marked with the Keurig Brewed seal indicating the product has passed rigorous testing, assuring the quality, taste, and integrity consumers expect from the Keurig brand.

Glancy Prongay & Murray Announces Expansion of Class Period in Securities Class Action which Files on Behalf of Keurig Green Mountain, Inc

Glancy Prongay & Murray LLP announced that it has filed a class action on behalf of investors of Keurig Green Mountain, Inc. who purchased securities between November 19, 2014 and August 5, 2015 and have been damaged by the recent declines in the company's securities price. Keurig investors have until August 18, 2015 to file a lead plaintiff motion. Keurig develops and sells a variety of coffeemakers (Keurig brewers), and produces and sells specialty coffee and other specialty beverages in pods (including hot apple cider, hot and iced teas, iced coffees, iced fruit brews, hot cocoa and other beverages) for use with its Keurig hot brewing systems. The complaint alleges that Keurig and certain of its executives failed to disclose material information to investors in violation of federal securities laws. The alleged false statements and omissions include, but are not limited to: that the company's Keurig 2.0 brewing system was an unnecessary upgrade and created customer confusion; that, as a result, the company's sales projections were unrealistic and unattainable; that the full retail distribution of company's new cold brewing system, Keurig KOLD, would be delayed until 2016; that, as a result, the company's revenues for 2015 would be below expectations; and that, as a result of the foregoing, Defendants statements about Keurig's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Keurig Green Mountain, Inc. to Lay Off 300 Employees over Next Three Years

Keurig Green Mountain, Inc. announced that it will lay off more than 300 employees companywide after sales of coffee brewers and accessories plunged. The company plans to cut $300 million in costs over the next three years, with about $100 million in savings in fiscal 2016.

Keurig Green Mountain, Inc. Declares Regular Quarterly Cash Dividend, Payable on October 29, 2015

Keurig Green Mountain, Inc.'s board has declared a regular quarterly cash dividend of $0.2875 per share of the company's common stock. The quarterly cash dividend will be paid on October 29, 2015 to shareholders of record as of the close of business on September 29, 2015.

Keurig Green Mountain, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2015; Provides Earnings Guidance For the Fourth Quarter and Full Year 2015 and First Quarter and Full Year 2016

Keurig Green Mountain, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2015. For the quarter, the company’s net sales were $969,525,000 compared to $1,022,371,000 a year ago. Operating income was $161,359,000 compared to $231,347,000 a year ago. Income before income taxes was $162,862,000 compared to $235,165,000 a year ago. Net income attributable to the company was $113,621,000 or $0.73 per diluted share, compared to $155,151,000 or $0.94 per diluted share, a year ago. Non-GAAP net income attributable to the company was $124,668,000 or $0.80 per diluted share, compared to $163,183,000 or $0.99 per diluted share, a year ago. For the nine months, the company’s net sales were $3,483,067,000 compared to $3,512,113,000 a year ago. Operating income was $621,263,000 compared to $718,459,000 a year ago. Income before income taxes was $610,788,000 compared to $706,533,000 a year ago. Net income attributable to the company was $403,679,000 or $2.52 per diluted share, compared to $455,462,000 or $2.88 per diluted share, a year ago. Non-GAAP net income attributable to the company was $434,532,000 or $2.71 per diluted share, compared to $479,055,000 or $3.03 per diluted share, a year ago. Net cash provided by operating activities company was $610,102,000 compared to $823,768,000 a year ago. Capital expenditures for fixed assets company were $338,124,000 compared to $221,887,000 a year ago. For the year 2015, the company expects net sales decline of low-single to mid-single-digits compared to fiscal year 2014. An annual effective tax rate of approximately 34.5% to 35%. Non-GAAP EPS decline in the low-teens. The outlook includes an estimated $0.13 headwind from foreign currency exchange. Excludes any restructuring or one-time charges related to the Company's productivity initiative. Excludes the amortization of identifiable intangibles related to the Company's acquisitions and legal and accounting expenses related to the Company's pending securities and stockholder derivative class action litigation and antitrust litigation. Free cash flow in the range of $150 million to $200 million. Capital investment in the range of $400 million to $450 million For the fourth quarter 2015, the company’s net sales growth decline of low-teens compared to the fourth quarter of fiscal year 2014. An effective tax rate of approximately 36% to 36.5%. Non-GAAP EPS in a range of $0.70 to $0.75 which: Includes an estimated $0.03 headwind from foreign currency exchange. Excludes any restructuring or one-time charges related to the company's productivity initiative. Excludes the amortization of identifiable intangibles related to the Company's acquisitions and legal and accounting expenses related to the Company's pending securities and stockholder derivative class action litigation and antitrust litigation. For the year 2016, the company expects its hot business to deliver modest non-GAAP earnings per share growth over fiscal 2015 inclusive of the expected productivity savings. The Company expects that its investment in Keurig KOLDTM in 2016 will be at least $100 million and could be higher depending largely on pod manufacturing efficiencies and channel mix. Fiscal year 2016 non-GAAP EPS excludes any restructuring or one-time charges related to the productivity program. For the first quarter of fiscal 2016, the company expects non-GAAP earnings per share to decline versus the prior year quarter as the company ships more hot appliances year over year, ships KOLD appliances, ramps production on KOLD pods and faces a significant coffee cost headwind in the first quarter of fiscal 2016.

 

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GMCR

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Valuation GMCR Industry Range
Price/Earnings 16.3x
Price/Sales 1.8x
Price/Book 3.0x
Price/Cash Flow 15.6x
TEV/Sales 1.7x
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