Green Mountain Coffee Roasters, Inc.
Restated Historical Financial Performance (In thousands, except per share data)
|
(Fiscal years end on the last Saturday in September) |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Net Revenues |
$803,045 |
$500,277 |
$341,651 |
$225,323 |
$161,536 |
$137,444 |
|
Y/Y Rev. Growth - % |
60.5% |
46.4% |
51.6% |
39.5 % |
17.5% |
17.7% |
|
Net Income |
$55,882 |
$22,299 |
$12,843 |
$8,443 |
$8,956 |
$7,825 |
|
EPS (diluted) (2) |
$1.39 |
$0.87 |
$0.52 |
$0.36 |
$0.39 |
$0.35 |
|
|
|
|
|
|
|
|
|
Total Assets |
$813,839 |
$357,648 |
$264,527 |
$234,995 |
$91,147 |
$78,332 |
|
Total Liabilities |
$223,655 |
$218,128 |
$165,428 |
$160,055 |
$30,755 |
$33,917 |
|
Debt/Equity Ratio |
0.38:1 |
1.56:1 |
1.67:1 |
2.14:1 |
0.49:1 |
0.76:1 |
|
Equity |
$590,174 |
$139,520 |
$99,099 |
$74,940 |
$60,392 |
$44,415 |
|
Book Value per Share (2) |
$13.52 |
$3.79 |
$2.80 |
$2.17 |
$1.79 |
$1.38 |
|
ROE (TTM) |
15.3% |
18.6% |
14.8% |
12.5% |
16.9% |
19.7% |
(1) Previous years restated to reflect 3-for-2 stock split effective 6/08/09 and 3-for-1 stock split effective 7/30/07.
(2) Includes $17 million pre-tax income or $0.26 per share received from Kraft patent litigation settlement in Oct. 2008.
Forward-Looking Statements
Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact on sales and profitability of consumer sentiment in this difficult economic environment, the Company’s success in efficiently expanding operations and capacity to meet growth, the Company’s success in efficiently and effectively integrating Tully’s wholesale operations and capacity into its Specialty Coffee business unit, the Company’s success in introducing new product offerings, the ability of lenders to honor their commitments under the Company’s credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, Keurig’s ability to continue to grow and build profits with its roaster partners in the At Home and Away from Home businesses, the impact of the loss of major customers for the Company or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, the Company’s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, as well as other risks described more fully in the Company’s filings with the SEC. Forward-looking statements reflect management’s analysis as of the date of this press release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.