CANADA: Green Mountain Coffee reports Q1 net income up 23.4%
Green Mountain Coffee, has reported quarterly sales and earnings for the Company's fiscal first quarter of 2002, the sixteen-week period ended 19 January 2002. Total coffee pounds shipped for the quarter increased 12.4% to 4,255,000 pounds for the Q1, compared to 3,784,000 pounds in the previous year. Net sales increased 4.7% year-over-year to US$32,357,000 compared to US$30,905,000 for the prior year quarter. The difference between coffee pounds growth and dollar sales growth was due primarily to changes in sales mix, created largely by the successful expansion of the Company's business with Exxon Mobil Corporation convenience stores (ExxonMobil.) A new agreement with ExxonMobil, effective since February 2001, involves lower coffee sales prices and a reduction in their direct purchases of accessories such as cups and lids, offset by lower delivery and ordering costs for Green Mountain Coffee.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Will Kellogg's DSD exit help it grow in US snacks?
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- General Mills issues profit warning
- Kraft Heinz returns to organic growth, ups margins
- Kraft Heinz pulls Unilever bid