Caribou's Not-So-Big Bucks: Fool by Numbers

On May 10, Caribou Coffee (Nasdaq: CBOU) released first-quarter earnings for the period ended April 1.

• Revenue increased by 10.5% to $61.9 million, thanks to the opening of 48 net new company-owned coffeehouses during the last twelve months.
• The company's net loss rose to $3.25 million, primarily because of depreciation related to new coffeehouses and higher coffeehouse labor and occupancy costs.
• During the quarter, the company entered into a brand licensing agreement with Keurig (owned by Green Mountain Coffee Roasters (Nasdaq: GMCR)), signed up multiple new grocery customers, and established franchise agreements for seven airport locations.
• Coffee sellers have had a rough go of it lately. Caribou has a one-star rating, Motley Fool CAPS' lowest, and the mighty Starbucks (Nasdaq: SBUX) only has two stars.

(Figures in thousands, except per-share data.)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Sales	$61,852.6	$55,966.2	10.5%
Net Profit	($3,251.1)	($1,572.1)	N/A
EPS	($0.17)	($0.08)	N/A
Diluted Shares	19,288.0	19,274.1	0.1%

Get back to basics with the income statement.

Margin Checkup

	Q1 2007	Q1 2006	Change*
Gross Margin**	58.8%	58.4%	0.3
Operating Margin	(5.0%)	(3.1%)	(1.9)
Net Margin	(5.3%)	(2.8%)	(2.5)

*Expressed in percentage points
**Includes related occupancy costs

Margins are the earnings engine.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$9,672.5	$20,521.8	(52.9%)
Accounts Rec.	$2,387.3	$1,452.9	64.3%
Inventory	$9,910.0	$10,456.3	(5.2%)

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	$7,755.4	$7,314.5	6.0%

The balance sheet reflects the company's health.

Cash Flow Highlights

The company still needs to press the cash flow statements out of the beans.

Free cash flow is a Fool's best friend.

Related Foolishness:

• Caribou and You-Know-Who
• My Life as a Frappuccino
• Starbucks vs. Whole Foods: Starbucks

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.