September 16, 2014 6:58 PM ET

Hotels, Restaurants and Leisure

Company Overview of Caribou Coffee Company, Inc.

Company Overview

Caribou Coffee Company, Inc. owns and operates coffeehouses. The company operates in three segments: Retail, Commercial, and Franchise. The Retail segment offers premium coffee and espresso-based beverages, food, specialty teas, whole bean coffee, branded merchandise, and related products. The Commercial segment sells whole bean and ground coffee to grocery stores, mass merchandisers, club stores, office coffee and foodservice providers, hotels, entertainment venues, and on-line customers. This segment also sells blended coffees and licenses its Caribou Coffee brand to Keurig, Inc. for sale and use in its K-Cup single serve line of business. The Franchise segment franchises its brand to part...

3900 Lakebreeze Avenue North

Brooklyn Center, MN 55429

United States

Founded in 1992

1,737 Employees

Phone:

763-592-2200

Fax:

763-592-2300

Key Executives for Caribou Coffee Company, Inc.

Chief Executive Officer
Age: 48
Co-Founder
Co-Founder
Chief Financial Officer
Age: 52
Senior Vice President
Age: 58
Compensation as of Fiscal Year 2014.

Caribou Coffee Company, Inc. Key Developments

Caribou Coffee Introduces Healthier-for-You Snacks and Meal Options

Caribou Coffee introduced healthier-for-you snacks and meal options, including this Chicken Caesar Wrap. The new products now available include: Garden and Chicken Caesar Salads, Chicken Caesar and Turkey BLT Wraps, Fruit & Cracker and Egg, Fruit & Cheese Snack Boxes and fresh fruit. This new high-quality food offering completes Caribou Coffee's three-phase food innovation roll-out that began in February with the launch of new assortments of sweet and savory baked goods followed by toasted lunch sandwiches in March.

Caribou Coffee Plans to Open New Store in Target Field Station on July 9, 2014

Caribou Coffee announced a new store in downtown Minneapolis near Target Field, at the newly expanded Target Field Station. The company will open new store on July 9, 2014 offering free coffee for a year for the first 50 guests in-store. Caribou's newest location will occupy nearly 2,400 square feet in Target Field Station, just outside of Target Field. The new store features ample patio seating, a community room with AV capabilities for business meetings, and a welcoming interior with a double-sided fireplace and cozy seating. The new location is open Monday through Thursday, 5:30 a.m. to 9:00 p.m.; Friday 5:30 a.m. to 10:00 p.m.; Saturday 6 a.m. to 10 p.m.; Sunday 6 a.m. to 8 p.m.

Caribou Coffee Closes Stores Temporarily

The company that owns Caribou Coffee is converting locations in Waukesha and Wauwatosa to Peet's Coffee & Tea and has closed the stores temporarily. Stores at 418 N. Mayfair Road in Wauwatosa and 1890A Meadow Lane, in Waukesha, will reopen as Peet's Coffee stores later this summer. The company also is converting Caribou stores in Monona and Lake Geneva to Peet's.

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