Caribou's 2Q profit doubles on strong sales

Caribou Coffee Co., the nation's second-largest coffeehouse chain behind Starbucks, said its second-quarter profit more than doubled on strong restaurant and retail sales.

For the quarter ended July 4, Minneapolis-based Caribou’s net income rose to $2.4 million, or 12 cents per share, compared with $1.2 million, or 6 cents per share, in the second quarter of 2009.

Revenue grew 9.4 percent to $68.9 million, comprising increases of 4.4 percent in coffeehouse sales, 51 percen

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.