WATERBURY, Vt.—Coffee maker Green Mountain Coffee Roasters Inc. on Thursday said it expects fiscal 2008 sales to rise on the growing popularity of its Keurig coffee brewing systems.
The Waterbury, Vt.-based company predicts fiscal 2008 earnings between 73 cents and 78 cents per share, or 84 cents to 89 cents per share, excluding non-cash amortization expenses. Analysts polled by Thomson Financial, on average, expect a profit of 75 cents per share.
Green Mountain expects revenue to grow 42 percent to 47 percent, implying revenue of $485.2 million to $502.3 million. Analysts predict revenue of $487 million.
For the fiscal third-quarter Green Mountain expects earnings of 19 cents to 22 cents per shares, including 3 cents per share in non-cash amortization expenses. Analysts expect a profit of 20 cents per share.
It also expects third-quarter revenue will grow 42 percent to 47 percent, implying revenue of $117 million to $121.1 million. Analysts expect revenue of $114.6 million.
