** charts before earnings **
** charts after earnings **
** 2 weeks later **
Keurig Green Mtn beats by $0.15, reports revs in-line; guides FY16 EPS towards low end of expectations with sales below; raises dividend 13% :
- Reports Q4 (Sep) earnings of $0.85 per share, excluding non-recurring items,$0.15 better than the Capital IQ Consensus of $0.70; revenues fell 13.3% year/year to $1.04 bln vs the $1.03 bln Capital IQ Consensus.
- Co issues in-line guidance for FY16, sees EPS of $3.25-3.45, excluding non-recurring items, vs. $3.44 Capital IQ Consensus; FCF $420-500 mln.
- Currency neutral net sales growth of flat to low single digits compared to fiscal year 2015. At current exchange rates, foreign currency is expected to negatively impact net sales growth by ~1%. Consensus calls for rev +1.7%.
- While we expect marketplace conditions will remain challenging in the near term, we have a stronger product line-up and price positioning as we enter the new holiday season." Mr. Kelley continued, "Our priorities for 2016 are to reinvigorate our hot system and continue the disciplined rollout of our Kold system."
- Co announced a 13% increase in its indicated annualized dividend to $1.30 per share from $1.15. The increase will take effect with the February 16, 2016 quarterly dividend payment of $0.325 declared by the Board payable to shareholders of record as of the close of business on January 15, 2016.
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