SOURCE: The Bedford Report

The Bedford Report

August 01, 2011 08:16 ET

Green Mountain Coffee and Starbucks Benefit From Favorable Fundamentals

The Bedford Report Provides Equity Research on Green Mountain Coffee and Starbucks

NEW YORK, NY--(Marketwire - Aug 1, 2011) - Coffee stocks have skyrocketed in recent months with a combination of merger speculation and positive earnings fuelling gains. Coffee companies have posted remarkable earnings in recent quarters on record high coffee prices. With the supply picture brightening, and prices sliding, coffee stocks may finally be slowing down, however. The Bedford Report examines the outlook for companies in the Coffee Sector and provides investment research on Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) and Starbucks Corporation (NASDAQ: SBUX). Access to the full company reports can be found at:

The International Coffee Organization (ICO) recently said that world coffee production in the current 2010/2011 crop reached 133.3 million bags, a rise of 8.2 percent from the previous crop year, revising up an earlier estimate. The ICO's figure is above a forecast at 400,000 tonnes, or 6.7 million bags, by the Indonesian Coffee and Cocoa Research Institute, as well as a projection in May at 520,000 tonnes, or 8.67 million bags by the Indonesian Coffee Exporters Association.

According to the official estimates of the Brazilian authorities, production in crop year 2011/2012 will fall by 9.5% in relation to production in crop year 2010/2011. ICO argues that the impact of the fall in Brazilian production will be somewhat offset by the improvement in Colombian production after two crop years of low production levels.

The Bedford Report releases stock research on the coffee sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Starbucks earned $279.1 million, or 36 cents per share, for the quarter that ended July 3. That's up from $207.9 million, or 27 cents per share, earned in the same quarter last year. Revenue rose 12 percent to $2.93 billion. Starbucks leaders attributed the bulk of the quarter's success to the company's work in its stores, where they say they have upgraded the customer experience with new products and improved service.

Green Mountain reported third-quarter net sales of $717.2 million, an increase of 127% over the same period in the previous year. The company reported net income of $56.3 million for the third quarter of fiscal 2011.

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