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Caribou Coffee's Q2 loss narrows

Other Topics:  Coffee Chain Expansion, Coffee Revenues, Freshly Roasted Coffee

Datamonitor via COMTEX
August 6, 2008

Caribou Coffee Company has reported a net loss of $2.5 million, or $0.13 per share, for the second quarter ended June 29, 2008, compared to $3.9 million, or $0.20 per share, for the same period in 2007.

Net sales were $63.2 million, an increase of 0.5% compared to $62.8 million for the same quarter in 2007. Coffeehouse sales were $57.3 million, a decrease of 3.5% from the same period in 2007. The decrease primarily reflects a 1.7% decline in comparable coffeehouse sales and 318 fewer operating coffeehouse weeks in the second 13 weeks of fiscal 2008 as compared to the same period in fiscal 2007.

For the first six months ended June 29, 2008, net loss was $8.84 million, or $0.46 per share, compared to $7.14 million, or $0.37 per share, in the same period of 2007.

Total net sales were $124.94 million, compared to $124.70 million in the same period of 2007. Coffeehouse sales were $113.89 million, compared to $117.41 million in the same period of 2007.
 

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