The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Bill Barker, discuss the top business and investing stories of the day.
Several months ago, the Benckiser Group acquired Caribou Coffee for $340 million. On Monday, Caribou Coffee said that it's closing 15% of locations in the United States and converting another 20% into Peet's Coffee & Tea (NASDAQ:PEET) stores, which is also owned by Benckiser Group. In this installment of MarketFoolery, our analysts discuss these companies, as well as the continuing raging coffee wars among Starbucks (NASDAQ:SBUX), Dunkin' Brands' (NASDAQ:DNKN) Dunkin' Donuts, and Panera Bread (NASDAQ:PNRA).
The relevant video segment can be found between 8:18 and 17:00.
Bill Barker has no position in any stocks mentioned. Chris Hill owns shares of Starbucks. Jason Moser owns shares of Starbucks and Panera Bread. The Motley Fool recommends and owns shares of Panera Bread and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.