GMCR » Topics » Revised Companys Estimates for Fiscal Year 2009:
This excerpt taken from the GMCR 8-K filed Apr 29, 2009.
Companys Estimates for Fiscal Year 2009:
Total consolidated net sales growth of 58% to 61%, up from prior estimates of 43% to 48%.
Total K-Cup portion packs shipped system-wide by all Keurig licensed roasters to increase in the range of 60% to 65%, up from prior estimates of 53% to 63%.
An operating margin in the range of 8.6% to 9.0%, up from the Companys operating margin of 8.5% for fiscal 2008, including $5.3 million or $0.12 per diluted
share for non-cash amortization expenses related to the identifiable intangibles of both the Keurig and Tullys acquisitions, and excluding the pre-tax $17 million Kraft patent litigation settlement.
Interest expense of $5.5 million to $6.0 million, down from prior estimates of $6.5 million to $7.5 million.
A tax rate of 39.5% as compared to 38.9% in fiscal 2008.
The Tullys transaction is expected to be neutral to slightly accretive to earnings per share for the first twelve months of ownership, and accretive
thereafter. For the third and fourth quarters of fiscal 2009, as the Company integrates Tullys into its Specialty Coffee business unit and invests in additional West Coast capacity, the transaction is expected to be slightly dilutive to
the Companys operating margin and earnings per share.
Fully diluted GAAP earnings per share in the range of $1.87 to $1.93 per share, including the pre-tax $17 million or $0.40 per diluted share Kraft patent litigation
settlement, and including the non-cash amortization expenses related to the identifiable intangibles of $5.3 million or approximately $0.12 per share. Excluding the Kraft litigation settlement, fully diluted non-GAAP earnings per share in the range
of $1.47 to $1.53 per share, up from prior estimates of $1.25 to $1.35 per share.
Bet you've never seen portfolio analytics like these.