GMCR » Topics » Revised Estimates for First Quarter Fiscal Year 2010:
This excerpt taken from the GMCR 8-K filed Nov 13, 2009.
Revised Estimates for First Quarter Fiscal Year 2010:
Total consolidated net sales growth of 65% to 70%, up from prior estimates of 61% to 66%.
An operating margin in the range of 4.0% to 4.5%, up from prior estimates of 3.8% to 4.3%. The Company anticipates selling and marketing expenses as a
percentage of net sales during the first quarter of fiscal 2009 to be about the same as a year ago excluding the impact of the $17 million or $0.26 per diluted share Kraft patent litigation settlement. Operating margins are expected to be similar to
a year ago due to the planned increase in net sales of At Home Single-Serve Keurig brewers with no contribution to gross margins.
Fully diluted GAAP earnings per share in the range of $0.12 to $0.16, up from prior estimates of $0.11 to $0.15 per share. The fully diluted GAAP
earnings per share includes estimated acquisition transaction expenses related to the Timothys acquisition which now are required to be expensed rather than capitalized under the new Financial Accounting Standards Board pronouncement on
business combinations. This compares to the prior year fully diluted GAAP earnings per share of $0.37 per share and non-GAAP fully diluted earnings per share of $0.10 per share excluding the impact of the $17 million or $0.26 per diluted share Kraft
patent litigation settlement.
Bet you've never seen portfolio analytics like these.