Sales declines in its consumer packaged goods division dragged third-quarter earnings down slightly for Caribou Coffee Inc., but executives for the coffeehouse chain expressed optimism that same-store sales would continue to rise and that growth could accelerate next year. For the Sept. 30-ended quarter, Caribou’s net income fell 3.6 percent to $1.72 million, or 8 cents per share, compared with $1.79 million, or 9 cents per share. Revenue declined 5.2 percent in the quarter to ...
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Contact: Desiree Torres Desiree.Torres@penton.com