For the second consecutive year, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR), of Waterbury, Vermont, has been ranked on Fortune’s annual list of the 100 Fastest-Growing Companies. GMCR ranked #2 overall on the list released today.
GMCR was the highest-ranked consumer package goods company on the list, which includes profitable, publicly-held companies with at least $50 million in annual revenue. Companies are assessed by revenue growth rate, EPS growth rate, and three-year annualized total return to investors. Last month, GMCR reported its 11th consecutive quarter of better than 40 percent net sales growth. For the first nine months of fiscal 2010, the company has produced net sales growth of 70% over the prior year and excluding acquisition-related expenses, earnings per share growth of 89% over the same period for fiscal year 2009.
‘We are pleased that our continued strong sales and earnings growth has once again placed us in such good company on Fortune’s Fastest-Growing Companies list,’ said Lawrence J. Blanford, GMCR’s President and CEO. ‘We believe our strong performance is driven by our dedication to creating the ultimate coffee experience ‘ with the fresh-brewed convenience and quality of the Keurig single-cup brewing system and our premium, branded specialty coffees including Green Mountain Coffee and Tully’s Coffee.’
About Green Mountain Coffee Roasters, Inc.
As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR’s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully’s Coffee®, Green Mountain Coffee®, Newman’s Own® Organics coffee, Timothy’s World Coffee® and Diedrich, Coffee People and Gloria Jeans®, a trademark licensed to the Company for use in North America and owned by Gloria Jeans Coffees International Pty. Ltd. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of roasters, including Green Mountain Coffee, Tully’s, Timothy’s and Diedrich. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certifiedâ ¢ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com for more information.
GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.
Source: GMCR, 8.19.2010. WATERBURY, Vt.--(BUSINESS WIRE)--
Green Mountain Coffee ranks #2 on Fortune's global 100 fastest-growing companies
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