Caribou Coffee Co., the nation's second-largest coffeehouse chain behind Starbucks, said its second-quarter profit more than doubled on strong restaurant and retail sales. For the quarter ended July 4, Minneapolis-based Caribou’s net income rose to $2.4 million, or 12 cents per share, compared with $1.2 million, or 6 cents per share, in the second quarter of 2009. Revenue grew 9.4 percent to $68.9 million, comprising increases of 4.4 percent in coffeehouse sales, 51 percent in sales of ...
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Contact: Desiree Torres Desiree.Torres@penton.com