Caribou Coffee logo

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

Register to view the full article

Register to view this article

Already a member? .

Hide comments

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.
Publish