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The Company is an owned gourmet coffeehouse operator in the U.S. It offers its customers gourmet coffee and espresso-based beverages, as well as teas, baked goods, whole bean coffee, branded merchandise and related products.
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QualityProspects (90.06) Submitted: 8/03/07 8:05 AM : Start Price: $6.94 CBOU Score: 38.73
This is a company that just can't seem to find the right business model. The losses for the latest quarter were .20 per share versus a loss of .12 a year ago. They opened 36 new stores and grew revenue by 11%, but increased losses. Hmmmm. Worst of all, same store sales were a mere 1%. That tells me that customers are not satisified with their Caribou coffee experience and do not want to go back. Not good.
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