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Caribou Coffee Company signed an agreement with E & Z Coffee Company to open a minimum of 25 Caribou Coffee outlets
in South Korea over the next five years. The first store will open in Seoul in early 2007 and the deal calls for up to 50 units over
the next 10 years. (Company Release 12/13/06)
Personnel |
Rosalyn Mallet, COO/President
Rosalyn Mallet, Interim CEO/President
Kathy Hollenhorst, S.V.P. of Marketing
Amy O'Neil, S.V.P. of Purchasing
George Mileusnic, CFO
Eddie Boyle, V.P. Research & Development
Caribou Coffee vice president of real estate, Janet Astor, has left the company, effective January 11. (Company Release
1/11/07)
Caribou Coffee Company Inc. hired Rosalyn “Roz” Mallet as president and chief operating officer. Previously, Mallet served as
chief operating officer for La Madeleine French Bakery. (Company Release 3/5/07)
Caribou Coffee announced that Gary Graves and Sarah Palisi Chapin have been appointed members of its Board of Directors.
Palisi Chapin and Graves will serve as independent board members. Palisi Chapin, a founding partner in private-equity
restaurant investment firm The Chain Gang, previously served on the boards for Maggie Moo’s and Jersey Mike’s Subs.
Graves recently served as President and Chief Executive Officer for La Petite Academy. He has also held positions with
Boston Market and PepsiCo. (Company Release 8/27/07)
Caribou Coffee Inc. announced that chairman and CEO Michael J. Coles has stepped down. Rosalyn “Roz” Mallet has been
named interim CEO and Gary Graves has been named to the position of non-executive board chairman. Coles will remain on
the company’s board of directors. Mallet served most recently as Caribou’s president and chief operating officer, while Graves
currently serves as CEO of American Laser Centers. (Smartbrief.com 11/12/07)
News & Other |
Caribou Coffee Company Inc. reported for the third quarter ended October 1 a net loss of $3.1 million from a loss of $1.2
million for the same period last year. Revenues grew 17.0% to $57.0 million from $48.7 million. Same-store sales decreased
1%. (Company Release 11/1/06)
Keurig Inc. is partnering with Caribou Coffee Company to market Caribou’s coffees in its K-Cup portion packs. Keurig will be
responsible for packaging the coffee as well as serving as the wholesaler, distributor and direct retailer for all the Caribou
Coffee K-Cups. Caribou is planning to eventually market both Caribou Coffee K-Cups and Keurig coffebrewers at its
coffeehouses. The eight Caribou varieties that will be available in K-Cups are Caribou Blend, French Roast, Daybreak Morning
Blend, Sumatra, Fair Trade, Colombia, Caribou Blend Natural Decaf and Decaf Sumatra. (Company Release 1/08/07)
Caribou Coffee reported for the fourth quarter ended December 31 revenues increased 18% and same-store sales rose 2%.
(NRN Daily NewsFax 1/16/07)
Caribou Coffee expects to be operating coffee kiosks at four additional U.S. airports by the end of 2007. Plans call for a total of
eight kiosks, the first of which opened at Hartsfield-Jackson Atlanta International in late 2006. Other Caribou outlets will be
located in the Dulles International, Reagan National and Denver International airports. The coffee chain currently has a
presence in three U.S. airports. (Company Release 1/08/07)
Caribou Coffee reported for the fourth quarter ended December 31 net earnings increased 18% to $66.7 million from $56.4
million for the same period last year. Same-store sales grew 2%. (Company Release 2/15/07)
Caribou Coffee Company Inc. reported for the first quarter ended April 1 preliminary net earnings increased 10% to $61.5
million. Same-store sales in company-owned units declined 1%. (Company Release 4/9/07)
Caribou Coffee reported preliminary results for the fourth quarter ended July 1. Net earnings increased 11% over year-before
figures to $62.7 million. Same-store sales rose 1%. Other sales grew 43% to $3.4 million from $2.4 million for the same period
last year. (Company Release 7/12/07)
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