Thursday P.M. Report

Caribou Coffee profits double in Q2: Caribou Coffee Co.’s earnings doubled in the second quarter amid boosted sales, the company reported Wednesday. Brooklyn Center-based Caribou reported a profit of $2.5 million, or 12 cents per share, for the quarter ended July 4, versus $1.3 million, or 6 cents per share, for the comparable period in 2009. Sales were $68.9 million, up from $63.0 million a year before. Read full story

July sales up for Target: Target Corp. today reported a boost in July sales as the company enjoyed more traffic to its stores and increased sales of food and health care and beauty products. Minneapolis-based Target said its stores saw $4.6 million in sales last month, up 3.8 percent from the same month a year before. Comparable store sales increased 2 percent. Besides food and beauty products, sales were up for apparel. Read full story

Alliant Techsystems Q1 results beat expectations: Alliant Techsystems’ first-quarter net income rose 8 percent as the defense contractor improved its profit margins even while sales slipped slightly. Eden Prairie-based Alliant Techsystems earned $74.8 million, or $2.24 per share, for the quarter ended July 4, up from $69.50 million, or $2.09 per share, for the same quarter a year ago. Read full story

Regis explores ‘strategic alternatives’: Regis Corp.’s stock was up more than 15 percent today, a day after the beauty salon giant said it’s exploring “strategic alternatives to enhance shareholder value.”  Such language is often corporate speak for seeking a merger or a sell-off of part of the company, though it can sometimes simply mean a strategy shift for a company. In a statement released after markets closed Wednesday, the beauty salons giant declined to release any more details until its board makes a decision. Read full story

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