Keurig Green Mountain Q2 Results Miss Estimates; Cuts FY15 Outlook Again

(RTTNews) - Keurig Green Mountain, Inc. (GMCR) reported net income for the second quarter of $155.5 million or $0.97 per share, compared to $162.1 million or $1.03 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $166.0 million or $1.03 per share, compared to $169.8 million or $1.08 per share in the prior year quarter.

Vet sales for the second quarter rose 2% to $1.13 billion from $1.10 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.05 per share on revenue of $1.15 billion for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts net sales growth flat to up low-single digits year-over-year and adjusted earnings per share in the range of $0.75 to $0.80. Analysts currently expect the company to earn $1.08 per share on revenue growth of 9.50%.

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