More Growth for Green Mountain – Analyst Blog
Zacks Market Commentaries (July 1st, 2009) Writes:
Green Mountain Coffee Roasters (GMCR) has reported double-digit revenue growth for the last 26 consecutive quarters, and, since the acquisition of Keurig, in 2006, the company has reported net sales growth of approximately more than 39% for 11 consecutive quarters.
In March 2009, the company acquired the Tully's Coffee brand and wholesale business, from Tully's Coffee Corporation. The acquisition is believed to be a good strategic addition to Green Mountain's coffee roasting family, as Tully's has a West Coast tradition of outstanding hand-crafted coffees and an established infrastructure in the wholesale business distributing coffee to over 5,000 supermarkets, as well as to office coffee service and food service distributors, located primarily in the Western and Midwestern U.S.
Green Mountain plans to benefit from synergies within its family of brands and the multi-channel distribution strategy to strengthen its leadership in the specialty coffee and in the single-serve brewing
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