Caribou Coffee (CBOU) Announces Decline in Same-Store Sales
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Caribou Coffee Company, Inc. (Nasdaq: CBOU) announced that comparable coffeehouse net sales decreased 4.7% for the thirteen weeks ended September 28, 2008, compared with the same thirteen weeks in the prior year.
For the thirty-nine week period ended September 28, 2008, comparable coffeehouse net sales decreased 2.9% as compared with the same thirty-nine week period in the prior year. Franchised stores are not included in the comparable coffeehouse net sales calculations.
Caribou Coffee Company, Inc., founded in 1992 is the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses.[SM]
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