CARIBOU COFFEE

Caribou Coffee (CBOU), the second largest coffee retailer in US next Starbucks, is offering a special “today only” $2 offer for any cold drinks. This offer came after Caribou Coffee reported solid financial results for the second quarter of 2010 on Thursday, with profits topping expectations.

Their consolidated sales increased 9.4 percent compared to the same period of 2009 and 45.3 percent for commercial and franchise sales, compared to the second quarter of prior year.

This generated a net income of $2.4 million and $0.12 per share, two times more than the same quarter of 2009. More analysts expected Caribou Coffee Company, Inc. to earn $0.39 per share for the next quarter, but this estimation may be the subject to a number of risks and uncertainties.

However operating expenses were $25.1 million, an increase of 5.0 percent compared to the same period of 2009 and this was primarily driven by their sales growth and investments. This year Caribou Coffee has added a new line of iced teas, oatmeal and hot sandwiches at breakfast.

According to President and CEO Michael Tattersfield, the company continues to experience strong growth across each of the three lines of business: coffeehouse, commercial and franchise.

The company was founded in 1992, two years after a newlywed couple Kim Puckett and John imagined starting a Coffee shop during their trip on Denali National Park, Alaska and now their company is headquartered in Minneapolis, Minnesota, having 411 company-owned coffeehouses and 128 franchised and licensed locations.

Everybody can enjoy Caribou Coffee offer today, but a printable coupon provided by different partners over Internet is required.

Image Credit:
Other author’s articles: