What does the acronym GMCR represent on the New York Stock Exchange?
Green Mountain Coffee Roasters is a publicly-traded brand of coffee based at Waterbury in the U.S. state of Vermont. The brand specializes in organic, fair trade, and specialty gourmet coffees. Keurig is a wholly owned subsidiary of Green Mountain Coffee Roasters, Inc., and sells many of their coffee varieties as K-Cups. In June 2009, Green Mountain Coffee Roasters had annual revenue exceeding $715 million.Green Mountain Coffee Roasters was ranked #1 in “The Best Corporate Citizens” in 2006 and 2007. Green Mountain Coffee Roasters is a specialty coffee company based in Waterbury, Vermont. The company roasts 100% Arabica coffees and offers over 100 different coffee selections, including certified organic, Fair Trade Certified, estate, signature blends and flavored coffees that sell under the company’s and Newman’s Own Organics brands.In 2006, the company acquired Keurig, Incorporated, a manufacturer of single-cup brewing systems. Keurig sells its single-cup brewers in domestic wholesale
Green Mountain Coffee Roasters (NASDAQ:GMCR) announced third quarter results, with net sales up 65% year over year, driving a profit of 34 cents per share. The company had earned 18 cents in the same quarter last year. Results were helped by strong K-Cup sales. The company raised its earnings guidance range by a nickel. But investors were unhappy with the company’s earnings guidance for next quarter, for between 11 and 15 cents per share, which comes in below analyst estimates for 19 cents. Shares of Green Mountain Coffee Roasters fell more than 8% in Thursday trading. Shares of Northwest Pipe Company (NASDAQ:NWPX) fell 16%, after the company delayed the filing of its quarterly report and gave preliminary estimates. The company estimated net sales for the third quarter of 67 million dollars, down from 123.4 million in the same quarter last year, and a net loss of a million dollars versus earnings of 10.2 million in Q3 of 2008. Looking ahead, the company said its backlog fell, many jobs
