UPDATE: Caribou Coffee Posts Decline In Q2 Profit, Cuts Full-Year Forecast

Caribou Coffee Co

reported a drop in its second-quarter profit and cut its full-year forecast. Caribou's same-store sales increased 2.8% during the period. Its quarterly profit fell to $2.8 million, from $4.4 million, in the year-ago period. Caribou Coffee shares closed at $10.95 yesterday.