Wednesday, May 15, 1:08 PM
The International Coffee Organization forecasts coffee production in Central America will shrink 16% during the current growing season that runs from October to September due to a widespread fungus in the region that is wreaking havoc. Though only 10% of the world's coffee comes from Central American countries, it's an important region for many premium blend sellers. Wholesale coffee buyers: GMCR, KRFT, SJM, SBUX, CBOU.
1 Comment[Consumer]
Friday, April 12, 3:25 AM
A consortium led by Joh A Benckise (JAB) has agreed to acquire D.E. Master Blenders 1753 for €12.50 a share in a deal that values the maker of Douwe Egberts coffee and Pickwick tea at €7.5B. The price is lower than the €12.75 mentioned when the sides first disclosed talks about a transaction in March. The purchase would add to JAB's stakes in Peet's (PEET) and Caribou Coffee (CBOU). (PR)
Comment![M&A, Breaking News, Top Stories, Consumer]
Thursday, April 11, 8:24 AM
Joh. A. Benckiser is reported to be set to finalize its bid for D.E. Masters Blenders with bank financing in place. The coffee company already holds a stake in Peet's (PEET) and Caribou Coffee (CBOU).
Comment![Global & FX, Consumer, M&A]
Monday, April 8, 2:52 PM
Caribou Coffee (CBOU) plans to pull out of Chicago, according to the Chicago Tribune. Some locations will be converted to Peet's Coffee and Teas shops while others will be shuttered, according to execs.
1 Comment[Consumer]
Thursday, March 28, 7:02 AM
D.E. Master Blenders is in buyout talks with a group of private investors led by Joh. A. Benckiser. for a deal price close to €7.6B ($9.7B). Benckisers already owns stakes in coffee players Peet's (PEET) and Caribou Coffee (CBOU). Shares of D.E. Master Blenders are up 26% in Amsterdam trading.
Comment![Consumer, M&A]
Monday, December 17, 2012, 10:36 AM
Shares of Caribou Coffee (CBOU +30%) soar right past $16 which marks the price Joh. A. Bencksier has on the table for the company. The cheerful rally is an indication that at least a few traders are speculating a higher offer could come down the pike. Though Caribou Coffee is the second largest coffee chain behind Starbucks and could add to its retail footprint, the early read on the deal from Starbucks (SBUX +1.6%) investors leans toward indifference.
Comment![Consumer, On the Move]
Monday, December 17, 2012, 9:20 AM
Coffee consolidation: The buyer of Caribou Coffee (CBOU), Joh. A. Benckiser, already dipped into the sector with a $974M deal to buy Peet's Coffee & Tea last summer. The quick analyst take on the new acquisition is that a Caribou-Peet's consolidation could percolate. Coffee Holdings (JVA) is catching a bid off the news, up 8.1% premarket.
1 Comment[Consumer, On the Move]
Monday, December 17, 2012, 9:13 AM
Caribou Coffee (CBOU) announces it will be acquired by Joh. A. Benckiser for $16.00 a share, repping a 30% premium over Friday's closing price. Shares of CBOU are currently halted.
Comment![M&A, Consumer]
Tuesday, November 27, 2012, 5:45 PMAfter-hours top gainers, as of 5:15 p.m.:GMCR +23.3%. CIG +3.8%. CBOU +2/7%. PFPT +2.7%. ANN +2.4%. After-hours top losers:CWTR -5.7%. MJN -3.3%. ADI -3.2%. IGT -3.1%. ODP -2.1%.
Comment![On the Move]
Friday, November 16, 2012, 7:51 AM
A coffee trade-down in play? With Wal-Mart (WMT) and J.M Smucker (SJM) both reporting strong K-Cup sales during Q3, retail analysts see the opening of the single-serve market playing out as expected. Although it's a sticky wicket trying to convince a Green Mountain Coffee Roasters (GMCR) or Starbucks (SBUX) fan that consumers will flock to Folgers or Sam's Club coffee products, early results are promising. Keep an eye on pricing in the coffee market, with Caribou Coffee (CBOU) and Treehouse Foods (THS) trying to recover from recent K-Cup stumbles.
12 Comments[Consumer]
Thursday, November 15, 2012, 3:26 PM
A nugget from Wal-Mart's pre-recorded conference call could have some bearing on the single serve coffee market. The company says Sam’s private label version has been popular with its members ever since the expiration of the K-cup patent. Will Green Mountain Coffee (GMCR -2.3%), Caribou Coffee (CBOU -6%), and Treehouse Foods (THS +0.8%) feel a pinch if Wal-Mart unleashes its pricing power on the K-cup market or will coffee house quality win out? (WMT call transcript .pdf)
5 Comments[Consumer]
Thursday, November 8, 2012, 4:29 PMCaribou Coffee (CBOU): Q3 EPS of $0.07 beats by $0.01. Revenue of $77.2M (-5.2% Y/Y) beats by $2.5M. Shares -3.6% AH. (PR)
Comment![Earnings, On the Move]
Thursday, September 20, 2012, 8:38 AM
Caribou Coffee (CBOU) could be in line to provide coffee bars at revamped J.C. Penney stores after a sneak peek of the retailer's master plan unveiled yesterday in Dallas included a Caribou shop. If the company lands in all 700 J.C. Penney stores targeted for a transformation, it could see a nice boost.
Comment![Consumer]
Asif Suria Caribou Enters into Merger Agreement to be Acquired by Joh. A. Benckiser for $16.00 Per Share in Cash $CBOUhttp://bit.ly/SETmi1
12/17/12
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Day Trader001 Opening of 100th international location in Istanbul, Turkey highlights CBOU's commitment to building & accelerating growth internationally
Michael Kudrna: Much appreciated buddy...held this one for a few weeks starting around 13, paying off finally but Im growing market bearish more and more
1/12/12
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Michael Kudrna Pressed longs in $RTEC $CBOU $NOG $MHR and looking to trim before the close on strength w/ BIG jobs data in morning $$
1/5/12
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perru: Do you think November developed a shoulder?
1/5/12
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Michael Kudrna: I'd argue no since we've been uptrending since Oct but a fall in the SPY to 123 is not out of the question, it actually makes sense
1/5/12
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Michael Kudrna I view this as a good area to start or add to $CBOU position as it touches the long-term trendline support $$
1/5/12
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Michael Kudrna: I don't see much danger unless it is below the 200-day SMA around 12.50 to 12.75.
1/5/12
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Michael Kudrna: If volume picks up and I start seeing multiple big red sells intraday, I could close my position out at any time. I see weakness as oppt tho