Starbucks and Caribou Coffee Benefit From Strong North American Market
The Paragon Report Provides Stock Research on Starbucks & Caribou Coffee
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/01/12 -- Coffee stocks have performed well in the early stages of 2012. While Europe's economic crisis weighs on demand in the region, coffee companies have benefited from strong North American demand as well as increased coffee consumption in emerging markets. The Paragon Report examines the outlook for companies in the Coffee industry and provides equity research on Starbucks Corporation (NASDAQ: SBUX) and Caribou Coffee Company, Inc. (NASDAQ: CBOU). Access to the full company reports can be found at:
A drop in coffee bean prices could assist profit margins in the industry. Coffee prices on the Nairobi Coffee Exchange (NCE) retreated last month in response to a correction in the international market following record prices of the commodity last year. "Prices last year were abnormal and we expected a correction of the prices both globally and locally," David Muriithi, communications manager at NCE, argues.
Coffee prices on the international market dropped to below $2 per kilogram starting October last year for the first time in ten months, signalling the end of abnormal prices, Business Daily reports.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the coffee industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Last week Starbucks announced that profit rose 10 percent to $382.1 million, or 50 cents per share, for the quarter that ended December 31 2011 -- up from $346.6 million, or 45 cents per share, in the same quarter last year. Revenue increased to $3.44 billion with growth from all its business lines. The company posted a 9 percent gain for its America unit, chiefly from the United States, while sales in Europe lagged. Chief Financial Officer Troy Alstead said on a webcast that Starbucks has been underperforming internal targets in Europe and that the company has taken steps to improve results there.
Caribou Coffee Company offers premium coffee and espresso-based beverages, as well as specialty teas, handcrafted beverages, foods, coffee lifestyle items, branded merchandise, and related products.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at .
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Datum: 01.02.2012 - 13:20 Uhr
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