Caribou Coffee Company, Inc. Announces 1st Quarter 2006 Earnings Call

Business Wire, May 1, 2006

MINNEAPOLIS -- Caribou Coffee Company, Inc. (Nasdaq:CBOU), the second largest company-owned gourmet coffeehouse operator in terms of coffeehouses, announced today that it will release financial results for 1Q 2006 (ended April 2, 2006) after the market close on Thursday, May 4, 2006. Management will host a conference call at 4:30p.m. Eastern Time the same day as the earnings release.

This conference call will be available via webcast from the Investor Relations section of the Company's website. To access the live webcast, go to the company's website located at www.cariboucoffee.com and click the webcast link. For those who are unable to listen to the webcast live an indexed recording of the call will be posted on the Investor Relations section of the Company's website within 2 hours of the call's completion.

To listen to a telephone replay of the first quarter conference call, dial toll-free 888-203-1112 or international callers 1-719-457-0820 and enter pin number 2155496. The replay will be available beginning at 7:30 p.m. Eastern Time on Thursday, May 4th, through midnight Thursday, May 11th.

About the Company

Caribou Coffee Company, Inc., founded in 1992 and headquartered in Minneapolis, Minnesota, is the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses. As of April 2, 2006, Caribou Coffee had 402 coffeehouses, including 8 licensed locations. Caribou Coffee's coffeehouses are located in 16 states and the District of Columbia. Caribou Coffee offers its customers high-quality gourmet coffee and espresso-based beverages, as well as specialty teas, baked goods, whole bean coffee, branded merchandise and related products. Caribou Coffee sells products to grocery stores and mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses and other commercial customers. In addition, Caribou Coffee licenses third parties to use the Caribou Coffee brand on quality food and merchandise items. Caribou Coffee focuses on creating a unique experience for customers through a combination of high-quality products, a comfortable and welcoming coffeehouse environment and customer service.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by or on behalf of Caribou Coffee are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: fluctuations in quarterly and annual results, incurrence of net losses, adverse effects of management focusing on implementation of a growth strategy, failure to develop and maintain the Caribou Coffee brand and other factors disclosed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.