Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) Declares Capital Return Proposal


Dallas, Texas 12/18/2013 (FINANCIALSTRENDS) – Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), a leader in specialty coffee and single serve beverages with its pioneering Keurig® brewing expertise, declared that its directors have given sanction to a new share repurchase agreement of around $1 billion and announced a dividend to GMCR investors.

The latest share repurchase plan will take effect upon conclusion of the firm’s existing program that has $138 million remaining of its formerly authorized $500 million.

The new stock repurchase plan of around $1 billion is approved to be implemented over the coming 2 years and will be executed at such times and rates as determined appropriate by the Company’s management.

The Company declared that the directors have given sanction to an indicated yearly dividend of $1.00 per scrip, payable $0.25 per quarter, and on November 19 this year announced a quarterly cash dividend of $0.25 per scrip. The quarterly cash dividend will be distributed on February 14, 2014 to the company’s investors of record as of January 17, 2014.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) Q4 income surges

The company said that its profit during the 4th quarterly period stood at $127.0 million, which was up from $91.9 million registered during the corresponding period of 2012.

The firm’s adjusted income during the period under review remained at $136.0 million.

The sale facts of the firm during the fourth quarter increased 11% to $1.05 billion as compared to $946.7 million in 2012.

Market experts anticipated revenues of around $964.56 million.

Looking ahead to the initial quarterly period, the firm has estimated adjusted earnings within the range of $0.85 to $0.90 per scrip. Analysts presently anticipate first-quarter income of $0.96 per share.

For the coming financial, adjusted earnings are presently anticipated within a range of $3.75 to $3.85 per scrip. Analysts presently expect full-year 2014 income of $3.25 per scrip.