Caribou Coffee (NASDAQ:CBOU) reported Q$ EPS of $0.14, better than analyst estimates of $0.13 per share. Revenues for the quarter rose 18.7% year-over-year to $92.50 million, better than consensus estimates of $88.30 million.
Michael Tattersfield, the Company's President and CEO commented, "Our fourth quarter marked the conclusion of a fantastic year for Caribou Coffee, in which we made progress strategically, financially and culturally. We are pleased to have delivered another solid quarter, one that rounds out a record year of financial performance for Caribou. Looking ahead, we are optimistic about what we can achieve across each of our business lines, but are particularly excited to be resuming meaningful development of company-owned coffeehouses. As always, we will continue to provide the meaningful experiences our guest's love, while enhancing returns for our shareholders."
Caribou Coffee (NASDAQ:CBOU) has potential upside of 5.2% based on a current price of $17.59 and an average consensus analyst price target of $18.5.
Caribou Coffee is currently above its 50-day moving average (MA) of $15.51 and above its 200-day of $13.59.
In the last five trading sessions, the 50-day MA has climbed 1.17% while the 200-day MA has risen 0.6%.
Caribou Coffee Company Inc is a company-owned gourmet coffeehouse operator. The Company offers high-quality gourmet coffee and espresso-based beverages, specialty teas, baked goods, whole bean coffee, and branded merchandise.
