Caribou Coffee (CBOU) Blames Green Mountain (GMCR) For Softer Outlook
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Price: $91.67 --0%
Financial Fact:
Net income per common share - basic: 0.62
Today's EPS Names:
TAYD, TBN, More
Financial Fact:
Net income per common share - basic: 0.62
Today's EPS Names:
TAYD, TBN, More
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Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is seeing some pressure after-hours Monday following second quarter numbers from Caribou Coffee Company, Inc. (NASDAQ: CBOU).
Caribou Coffee sees FY12 Diluted earnings per share of $0.43 to $0.46, versus the consensus of $0.49.
In the release the company states: "The change in the Company’s outlook is primarily attributable to the expectation of lower sales related to its Green Mountain relationship, which is driven by continued channel shifting, the short-term impact of new price tiers in the category, as well as the loss of a significant account in the club business. While these factors have created shifts to the near term, Caribou remains confident in its long-term growth prospects in the single-serve marketplace."
Shares of CBOU are down 5 percent after-hours, while GMCR is flat.
Caribou Coffee sees FY12 Diluted earnings per share of $0.43 to $0.46, versus the consensus of $0.49.
In the release the company states: "The change in the Company’s outlook is primarily attributable to the expectation of lower sales related to its Green Mountain relationship, which is driven by continued channel shifting, the short-term impact of new price tiers in the category, as well as the loss of a significant account in the club business. While these factors have created shifts to the near term, Caribou remains confident in its long-term growth prospects in the single-serve marketplace."
Shares of CBOU are down 5 percent after-hours, while GMCR is flat.
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