Thursday, April 30, 2009

Green Moutain continues to be paradise.

From the AP release:

"Green Mountain Coffee Roasters Inc. shares rose in premarket trading Thursday after the company reported strong second-quarter results and signed a new distribution agreement with Wal-Mart Stores Inc.

Shares rose $10.42, or 19.8 percent, to $63.15 during premarket trading after closing Wednesday at $52.73.

Late Wednesday, the coffee company said its fiscal second-quarter profit more than doubled, above analyst expectations, as revenue jumped 60 percent on growing demand.

The company also raised guidance for the year and said it signed a deal with Wal-Mart to distribute its single cup coffee brewers in more than 3,000 of its stores."

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