Keurig Green Mountain Q1 Results Miss Estimates; Cuts FY15 Outlook

(RTTNews) - Keurig Green Mountain, Inc. (GMCR) reported net income for the first quarter of $134.6 million or $0.82 per share, compared to $138.2 million or $0.91 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $143.9 million or $0.88 per share, compared to $146.1 million or $0.96 per share in the prior year quarter.

Net sales for the first quarter remained flat with last year at $1.39 billion.

Analyst polled by Thomson Reuters expected the company to earn $0.89 per share on revenue of $1.47 billion for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts net sales growth in the mid-single digits and adjusted earnings of $1.00 to $1.05 per share. Analysts currently expect the company to earn $0.89 per share on revenue growth of 11.50% for the second quarter.

For the fiscal year 2015, the company forecasts net sales growth in the mid-single to high-single digits and adjusted EPS growth of mid-single digits. Previously, the company forecast net sales growth in the high-single to low-double digits and adjusted EPS growth of mid-single digits to high-single digits.