• May 3, 2011

Green Mountain Coffee Roasters' net sales leapt 101% in its fiscal Q2 ending March 26, to $648 million. The single-serve Keurig brewer and its K-Cup portion packs accounted for 82% of net sales, and a price increase on the portion packs implemented in October 2010 increased Q2 net sales by 10.3%.

EPS was 48 cents, against expectations of 38 cents. The company raised its full-year EPS guidance to $1.43 to $1.50, versus previous guidance of $1.19 to $1.29.

Just prior to reporting its quarterly performance, the company announced plans to offer an aggregate of 7.1 million shares of its common stock in an underwritten public offering. 

The Wall Street Journal noted that this dilution isn't likely to be perceived positively by investors, as it adds millions of additional shares to the pool of holders among whom profits must be shared.