Green Mountain Coffee Roasters Inc. reported net income of $2.2 million for the third quarter, up 13.1% from $1.9 million last year.
The direct marketer reported net sales of $37.8 million for the quarter ended July 2, up 20.5% from $31.3 million last year.
“It was another great quarter for Green Mountain Coffee Roasters, with continued, double-digit revenue growth and solid earnings growth,” said Robert P. Stiller, CEO of the Waterbury, VT firm in a statement. “I am particularly pleased with the building strength of our office coffee service and food service businesses, and the stellar growth in our consumer direct business.”
In a separate development, Green Mountain has named James Travis vice president of sales. He comes from Ocean Spray Cranberries Inc. where he was national sales manager.
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