Green Mountain Coffee Roasters' Blow-Out Quarter

After yesterday’s close, Green Mountain Coffee Roasters (GMCR) released a phenomenal earnings report. Profits more than doubled to 50 cents a share from 23 cents a share one year ago.

Get ready for the shares to soar today.

Two weeks ago, I highlighted the stock as a great rising company. I said that it’s similar to the kind of young company that Starbucks (SBUX) used to be.

I’m really impressed by GMCR’s quarter. Sales rose 60% to $193.4 million. The consensus on Wall Street was for earnings of 36 cents a share on sales of $178.1 million. This means Green Mountain had a 38% earnings surprise and an 8% sales surprise.

The company also raised its full-year EPS guidance from a range of $1.25 to $1.35 to a range of $1.47 to $1.53.

Green Mountain also inked a deal with Wal-Mart (WMT) to distribute its single-cup coffee brewers in more than 3,000 of the discount retailer’s stores.

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