Caribou Coffee Company has reported financial results for the second quarter of 2012 (13 weeks ended 1 July 2012). The Company also adjusted its fiscal 2012 outlook.
- Comparable coffeehouse store sales increased 2.8%.
- Net income attributable to Caribou Coffee Company Inc was $2.8m, or $0.13 per diluted share compared to $4.4m, or $0.21 per diluted share, in the second quarter of 2011. The year-ago period was impacted by a tax benefit related to the reversal of a portion of the company's tax valuation allowance. Non-GAAP pro forma net income attributable to Caribou Coffee Company Inc in the second quarter of 2011 was $2.7m, or $0.13 per diluted share.
- Net sales for the quarter of $81.1m increased $0.8m, or 1.1%, from $80.3m in the comparable quarter of 2011.
Source: Caribou Coffee Company