Minneapolis--(BUSINESS WIRE)-- Caribou Coffee Company, Inc. (Nasdaq:CBOU), the second largest company-owned gourmet coffeehouse operator in terms of coffeehouses, today announced that comparable coffeehouse net sales decreased 4.7% for the thirteen weeks ended
September 28, 2008, compared with the same thirteen weeks in the prior year. For the thirty-nine week period ended September 28, 2008, comparable coffeehouse net sales decreased 2.9% as compared with the same thirty-nine week period in the prior year. Franchised stores are not included in the comparable coffeehouse net sales calculations.
The Company expects to release fiscal third quarter 2008 financial results after the market close on Thursday, November 6, 2008.
Michael Tattersfield, President and CEO and Timothy Hennessy, CFO will be hosting an introductory conference call with the investment community today at 4.30 p.m. E.T. The conference call will be webcast and can be accessed in the Investor Relations section of the Caribou Coffee website at www.cariboucoffee.com. The webcast will be archived for one week on the Company's website.
Caribou Coffee Company, Inc., founded in 1992 and headquartered in Minneapolis, Minnesota, is the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses. As of June 29, 2008, Caribou Coffee had 490 coffeehouses, which includes 75 franchised locations. Caribou Coffee offers its customers high-quality gourmet coffee and espresso-based beverages, as well as specialty teas, baked goods, whole bean coffee, branded merchandise and related products. In addition, Caribou Coffee sells products to club stores, grocery stores, mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses and other commercial customers. In addition, Caribou Coffee licenses third parties to use the Caribou Coffee brand on quality food and merchandise items. Caribou Coffee focuses on creating a unique experience for customers through a combination of high-quality products, a comfortable and welcoming coffeehouse environment and a unique style of customer service. For more information, visit the Caribou Coffee web site at www.cariboucoffee.com
Certain statements in this release, and other written or oral statements made by or on behalf of Caribou Coffee are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: fluctuations in quarterly and annual results, incurrence of net losses, adverse effects of management focusing on implementation of a growth strategy, failure to develop and maintain the Caribou Coffee brand and other factors disclosed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. Source: Caribou Coffee Company, Inc.