Green Mountain Earns Fortune’s #2 Ranking
August 19th, 2010For the second consecutive year, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has been ranked on Fortune’s annual list of the 100 Fastest-Growing Companies. GMCR ranked #2 overall on the list released today.
“We believe our strong performance is driven by our dedication to creating the ultimate coffee experience – with the fresh-brewed convenience and quality of the Keurig single-cup brewing system and our premium, branded specialty coffees including Green Mountain Coffee and Tully’s Coffee.”
GMCR was the highest-ranked consumer package goods company on the list, which includes profitable, publicly-held companies with at least $50 million in annual revenue. Companies are assessed by revenue growth rate, EPS growth rate, and three-year annualized total return to investors. Last month, GMCR reported its 11th consecutive quarter of better than 40 percent net sales growth. For the first nine months of fiscal 2010, the company has produced net sales growth of 70% over the prior year and excluding acquisition-related expenses, earnings per share growth of 89% over the same period for fiscal year 2009.
“We are pleased that our continued strong sales and earnings growth has once again placed us in such good company on Fortune’s Fastest-Growing Companies list,” said Lawrence J. Blanford, GMCR’s President and CEO. “We believe our strong performance is driven by our dedication to creating the ultimate coffee experience – with the fresh-brewed convenience and quality of the Keurig single-cup brewing system and our premium, branded specialty coffees including Green Mountain Coffee and Tully’s Coffee.”

On August 12 utility executives joined with business leaders, and federal, state and local officials to inaugurate a new one megawatt (1 MW) solar power system, the largest in Tennessee and the Tennessee Valley Authority (TVA) Region. Now online, the system is comprised of 4,608 Sharp® ND-224UC1 solar modules made in the company’s Memphis plant and was developed, designed and constructed by Natural Energy Group in conjunction with Efficient Energy of Tennessee, LLC (EETN), its integrator arm based in Powell, TN. EETN will also maintain the facility.