Caribou Bucking the Trend
Caribou is a solid little coffee house chain that seems to be bucking the trend on earnings. They recently reported that their net earnings were $0.07 per share, up from a loss of $0.78 per share a year ago, beating the $0.03 per share loss most analysts thought they would hit.
The big deal is that they seem to have taken a conservative approach to expanding stores, and have managed through the start of this recession well, despite a slow down in overall sales of 3%. Not bad. So instead of having hundreds of stores closing under the Caribou name, they appear poised to continue prudent growth of their shops. Maybe there's some light at the end of the tunnel after all.
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Posted by Scott Martin at February 27, 2009 7:08 AM