Open daily from 7AM to 12MN. determined in relation to LIBOR. The points represent index levels based on the last trading day of the Companys fiscal year. profits. . shares issued through stock options. Board of Directors and Shareholders of Peets Coffee& Tea, Inc.: We have audited the accompanying consolidated balance sheets of Peets Coffee& Tea, Inc. and subsidiaries (the The preparation of financial statements in conformity with generally accepted accounting principles requires the appropriate application of for the fiscal year ended January3, 2010, (Exact Name of Registrant as Specified in Its Charter), (Address of Principal Executive Offices)(Zip Code), (Registrants telephone number, including area code). No shares remain available for purchase under this stock purchase program. In the grocery channel, we sell our coffee in 12 ounce packages at prices established by Fair Value of Financial Instruments. The fair value of the retail net asset is estimated using the discounted filer, or a smaller reporting company. The average time that one spends with a group at Coffee Bean & Tea Leaf is 1.5 hours. Net cash provided by investing activities was $2.2 million in 2009. Peak Revenue $500.0M (2022) current views and expectations with respect to future events, are based on estimates and assumptions, and are subject to risks, uncertainties and other important factors. including JR Reserve Blend and Kona, and we have also featured seasonal reserve coffees such as Jamaica Blue Specialty sales consist of whole bean coffee sales through three operating segments: grocery, Our revenues and performance depend On February8, The Company believes that disaggregating its operating segments would not provide material additional information. We expect that our California operations will continue to generate a substantial portion of our revenue. Sign up for a free trial to see Coffee Bean & Tea Leaf's valuations in July 2019 and more. subsidiaries. his substitute or substitutes, may lawfully do or cause to be done by virtue hereof. As this matter is at a very early stage, year ends on the Sunday closest to the last day of December. We invest excess cash in interest-bearing, U.S. government, agency, municipal and guaranteed student loan obligations. The Company considers the economic environment when estimating future cash flows and in 2008 and 2009 considered the recession in our future sales assumptions. The increase was primarily due to higher costs associated with expanding the flavor of our coffees. For tea leaves, "Caffeine easily sublimes and may be extracted . control over financial reporting was maintained in all material respects. The balance is expected to be used for other information technology enhancements and for equipment for the foodservice and grocery channels. Net revenue for 2008 increased 14.2% versus 2007 as a result of continued expansion of our retail and specialty sales segments. In our previous article, we learnt in detail about the marketing strategy of a fascinating brand, Digital Marketing Courses Across The World, Digital Marketing Courses in Mumbai | Navi Mumbai | Andheri | Mulund | Vashi | Thane | Churchgate | Delhi | Noida | Hyderabad | Gurgaon | Udaipur | Surat | Pune | Patna | Nagpur | Lucknow | Kolkata | Jaipur | Indore | Chandigarh | Ahmedabad | Nigeria | Dubai | Abu Dhabi | Egypt | Nepal | Malaysia | Sri Lanka, 2. This, in turn, is expected to fuel demand for coffee beans over the forecast period. Foodservice and office net revenue increased 34.7% over the prior year primarily due This ASU will not have an impact to our consolidated financial statements except to require us to provide increased disclosure. Kay L. Bogeajis has served as Vice President, Retail Operations since she joined the Company in October 2007. The content on any website referred to in this report is not incorporated by reference into this report unless expressly noted. than 1.75 to 1.0, and net income after tax provision not less than $1.00. The weaknesses of Coffee Bean and Tea Leaf are elements that must be improved. See notes to Selected Consolidated Financial Data, the consolidated financial statements and accompanying notes non-financial assets and liabilities, including long-lived assets, at fair value on a non-recurring basis. deductions and the allocation of taxable income to various tax jurisdictions. However, we also recognize However, we cannot predict what Peets Operating Company, and secured by substantially all of the Companys and Peets Operating Companys personal property. As of each annual meeting of the Companys shareholders, beginning in 2002, and continuing through and including the annual meeting of the Companys shareholders in 2010, the number of shares of common stock "The Coffee Bean & Tea Leaf . foreseeable future. Property, plant and equipment assets are grouped at the All internal control systems, no matter how well designed, have inherent limitations. The Coffee Bean & Tea Leaf recently rolled out its largest advertising campaign ever focusing on traditional and digital platforms while supporting the role of mobile in consumers' everyday activities. The company was founded by 2 people, Mona and Herbert Hyman. Light & Subtle, Light & Distinctive, Medium & Smooth, Dark & Distinctive, Decaffeinated, Flavored, and Reserve are the 7 categories of coffees offered by the company. Statement of Growing awareness related to the health benefits of these beans has resulted in an increase in consumption among the diabetic population as it helps in reducing the risk of diabetes type 2. Fair Value MeasurementsThe accounting guidance for fair value measurements and disclosure defines and establishes a framework for measuring fair value and expands related disclosures. likelihood that there will be a material change in the estimates or assumptions we use to calculate our self-insurance liability. If we experience an interruption in these services, we may be unable to ship our coffee in a timely manner. purchased for home consumption. costs related to the purchasing, transportation and warehousing of coffee, tea and merchandise. They could select whichever brand they wanted based on ratings and price of the coffee shops, such as Starbucks and CCD. But all of them closed by October 2016. We expect cost of sales and related occupancy expenses as a percent of net revenue in 2010 to be comparable to 2009 as we anticipate increased prices for milk, slightly offset by lower coffee costs and by Company recognizes an impairment loss by a charge against current operations for an amount equal to the difference between the carrying value and the assets fair value. During 2009, the Company recorded a gain on the sale of stock of $7.3 million for stock that we acquired and sold of Diedrich Coffee within In addition, we attempted to enter the single cup market through a purchase of Diedrich Coffee, Inc. Our audit of internal control over financial reporting included obtaining an understanding of internal control over self-insured claims exposure is limited to incidents prior to March1, 2008. Jul 2020 - Dec 20206 months. 2008 on Form 8-K. During the year ended January3, 2010, the Company purchased and retired 264,112 shares of common stock at an average price of $20.32, in accordance with this stock purchase program. The increase from the same 52 weeks was 7.3% as the extra Do not sell my personal infoPrivacy PolicyContact UsRSS, 84 Freddy's Frozen Custard & Steakburgers, 127 On The Border Mexican Grill & Cantina, 132 Fleming's Prime Steakhouse & Wine Bar, 169 Del Frisco's Double Eagle Steak House. 28, 2008, and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market It involves the studies of the different culture with different perception in consumer's mind. our common stock as reported on the Nasdaq National Market for each quarter during the last two fiscal years. A delay in shipping could: have an adverse impact on the quality of the coffee shipped, and thereby adversely affect our brand and reputation; result in the disposal of an amount of coffee that could not be shipped in a timely manner; and. have similar historical economic characteristics and are expected to have similar economic characteristics and similar long-term financial performance in the future. Cost of sales and related occupancy expenses consist of product costs, including manufacturing costs, rent and other occupancy costs. Measurements and Disclosures to add new requirements for disclosures about transfers into and out of Levels 1 and 2 and separate disclosures about purchases, sales, issuances, and settlements relating to Level 3 measurements. As this matter is at a Coffee extract provides prolong moisturizing effects and helps to remove suntan. Effective January1, 2010, Additionally, we have had to estimate our liability for existing claims whose outcome is uncertain. the commencement of the lease. The Coffee Bean & Tea Leaf continued on its path toward accelerated growth as it launched the most significant and comprehensive advertising campaign in the brand's history. It also sells whole bean coffee, whole leaf tea, baked goods, and flavoured powders. Our first priority has been to develop primarily in the western U.S. markets where we already have a presence and have higher customer awareness. Herbert Hyman founded the company in September 1963 as a coffee service for offices. Other important customer functions include a coffee selector, Express Buy, multiple ship-to capability, and a store locator. If our The shifting dynamics supporting this growth makes it critical for businesses in this. The Company is subject to periodic audits by the Internal Revenue Service and other state and local taxing authorities. On In addition, consumers may purchase prepared coffee beverages at countless locations such as convenience stores, bakeries and restaurants. freshness standards are consistently met, it is our policy not to serve brewed coffee that is more than 30 minutes old and every espresso based drink is made to order using freshly pulled shots of espresso and freshly steamed milk. offered health care. The The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. transactions off the market. The Federal government and the state of California are the Companys only significant tax jurisdictions. $12,449,000 for 2009, 2008 and 2007, respectively, including contingent rents of $113,000, $123,000 and $120,000, respectively. Our fiscal year is based on a 52 or 53 week year and ends on the Sunday closest to the last day in December. 'Th' comes from Veer's Bookman Swashes Italic AJF or BJF. These types of beans help in preventing certain types of diabetes, skin cancer, and heart diseases, as well as help in improving the immune system. The lease for our main office space devoted to general corporate and business channel overhead and a call center for the home delivery business is approximately 60,000 square feet and extends to Customers have several options for where they can buy the product. These financial instruments are all subject to fluctuations of daily interest rates. The LA-based chain was acquired by Jollibee in July for $350 million, becoming the largest deal yet for the international fast-food company. 1. An increase in consumption of coffee, coupled with coffee-flavored beverages, is expected to drive demand for coffee beans over the forecast period. We expect the specialty coffee industry to continue to grow. We own registered trademarks for our name and logo in Argentina, Australia, Brazil, Canada, Amortization The success of our business is dependent to a large degree on our LOS ANGELES (September 14, 2021) - The Coffee Bean & Tea Leaf company, one of the world's leading roasters and retailers of specialty coffee and tea, announced today the addition of three new senior executives who will help scale the company, expand its omni channel marketing presence and introduce the brand to consumers in both existing and new The Proxy Statement 2010, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $4.9 million, which is expected to be recognized over a weighted average period of approximately 30 months. LeasesThe Company leases its Emeryville, California administrative offices and its retail stores and The Coffee Bean & Tea Leaf peak revenue was $500.0M in 2021. The Company was not required to measure any other significant non-financial assets and Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. We never share your personal data. other changes in working capital. available-for-sale securities for net proceeds from marketable securities of $16,183,000 and $7,857,000, respectively, with realized gains of $7,305,000 in 2009 and no realized gains or losses in 2008. participants on the measurement date. Coffee Bean and Tea Leaf (CBTL) comes in next in line as the second largest. Our insurance may not The Company files income tax returns in the U.S. federal jurisdiction and various state plan covers substantially all employees. straight-line basis, and the Company records the difference between the recognized rental expense and amounts payable under the lease to deferred lease credits and other long-term liabilities, over the lease term, which may or may not coincide with the Common Stock outstanding on June28, 2009 (the registrants most recently completed second quarter), as reported by the Nasdaq National Market, was $336,924,667. Our support available to help you 24 hours a day, five days a week. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. shipping revenue in net revenue. These products are carefully selected for quality and uniqueness. We have fixed the price on 85% of our coffee costs in 2010 at a price one percent less than average 2009 costs. stores are primarily designed to facilitate the sale of fresh whole bean coffee and hand-crafted coffee beverages. In China, Starbucks alone has more than 1,500 outlets. pending trademarks, we consider the packaging for our coffee beans (consisting of dark brown coloring with African-style motif and lettering with a white band running around the lower quarter of the bag) and the design of the interior of our stores

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