Coffee Stock #3 – Green Mountain Coffee Roasters (GMCR)
As the name suggests, Green Mountain Coffee Roasters (GMCR) is based in the pastoral state of Vermont.
The company offers about 180 varieties of coffee, cocoa and tea, which it sells to wholesale customers including supermarkets, convenience stores,
resorts and office-delivery services.
Some of its biggest customers are ExxonMobil’s convenience stores and McDonald’s restaurants. In September,
Green Mountain acquired Tully’s Coffee, which has been chipping away at Starbucks dominance in the Pacific Northwest. Green Mountain Coffee’s popular Keurig brewing system is also red-hot, with the increasing demand for specialty coffees in homes, restaurants and offices.
In late January, GMCR posted a simply stunning earnings report that included a 163% jump in adjusted net income and a 77% increase in net sales for its fiscal first quarter. Shares have been flying high as a result.
I rate GMCR an A or strong buy.
Perk Up Your Portfolio with These Coffee Stocks
Article printed from InvestorPlace Media, http://investorplace.com/2009/07/top-stocks-coffee-stocks/.
©2017 InvestorPlace Media, LLC