Green Mountain Coffee 4Q profit nearly doubles

The company also gave earnings guidance for fiscal 2009 that, when certain items are excluded, is in line with Wall Street expectations.

For the three months ended Sept. 27, the company said it recorded net income of $7.1 million, or 28 cents a share, a 98 percent increase from the profit of $3.6 million, or 14 cents a share, recorded a year earlier.

Sales rose to $134.8 million from $93 million.

Analysts surveyed by Thomson Reuters, who generally exclude items from their estimates, were expecting earnings of 21 cents a share on revenue of $129.8 million.

For the entire fiscal year, the company reported net income of $22.3 million, or 87 cents a share, up 74 percent from net income of $12.8 million, or 52 cents a share, a year earlier. Full-year revenue rose 46 percent to $500.3 million from $341.7 million in the prior fiscal year.

Shares rose 67 cents, or 2.6 percent, to $26.27 in aftermarket trading, having closed the regular session at $25.60, up $1.10, or 4.5 percent.