Playing off Starbucks Because Caribou is privately held, specific financial information isn't available. However, analysts say the company seems to be a solid, well-managed competitor. They seem well-positioned to play off of Starbucks a little bit. It operates a proven business model. Its site selection is second to none.
Cash flow is substantial and positive, and the company has no debt.
Starbucks is doing store remodels, store expansions. They're probably opening larger stores in Chicago now in order to compete more directly. Representatives from Starbucks, which operates more than 100 stores in the D.C.-Baltimore area, didn't return phone calls for comment. Caribou's core markets are Minneapolis, Chicago, Atlanta and Detroit. The company buys its coffee from 30 farms around the world, roasts it and distributes it to its stores.