Caribou Coffee Hits Estimates, but GAAP Results Lag Last Year's
Caribou Coffee (NAS: CBOU) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q1), Caribou Coffee met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Caribou Coffee chalked up revenue of $80.5 million. The five analysts polled by S&P Capital IQ expected to see a top line of $81.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $72.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.06. The five earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS of $0.06 for Q1 were 95% lower than the prior-year quarter's $1.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.8%, 410 basis points worse than the prior-year quarter. Operating margin was 2.6%, 140 basis points worse than the prior-year quarter. Net margin was 1.5%, 3,180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $86.3 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $356.4 million. The average EPS estimate is $0.50.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 175 members out of 246 rating the stock outperform, and 72 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Caribou Coffee a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Caribou Coffee is buy, with an average price target of $22.75.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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