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Caribou Coffee: Drop in K-Cup sales hurts 3Q revenue

Company aims to improve its packaged coffee business in 2013

Sales declines in its consumer packaged goods division dragged third-quarter earnings down slightly for Caribou Coffee Inc., but executives for the coffeehouse chain expressed optimism that same-store sales would continue to rise and that growth could accelerate next year.

For the Sept. 30-ended quarter, Caribou’s net income fell 3.6 percent to $1.72 million, or 8 cents per share, compared with $1.79 million, or 9 cents per share.

Revenue declined 5.2 percent in

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