Caribou Coffee comps drop in Q1

MINNEAPOLIS—Caribou Coffee reported comparable-store sales decreased 1 percent for the 13 weeks ended April 2.

According to a news release, the chain also lost $1.6 million in the period versus a loss of $400,000 a year earlier. Caribou blamed the decline on increased staffing costs spent on the company's growth plan, as well as increases in rent and marketing costs.