If the original lease term is less than the Companys anticipated rental period, one or more stated option Accrued workers compensation. 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 Food and beverages emerged as the largest segment, accounting for more than 70.0% share in 2018. On average, we offer four to six such coffees every year, including our Anniversary Blend and Holiday Blend. Coffee Bean Market | Size, Share, Growth | 2022 - 2027 We opened 23 new stores in 2008 and 30 new stores in 2007. Comprehensive Coffee Bean and Tea Leaf SWOT Analysis | IIDE be negotiated with the landlord, the Company will record the expense upon the earlier of the cease-use date or signing of an agreement with the landlord. The ASU also ground in socal, steeped in culture. modified self-insured program with a high deductible with an overall program ceiling to limit exposure. she was Vice President Systemwide Operations for Taco Bell. Operations. Weaknesses of Coffee Bean and Tea Leaf, 3. available-for-sale and are recorded at fair value. where we do not have a retail presence. Increases in the cost and decreases in availability of high quality Arabica coffee beans could impact our profitability and growth of our business. In this case study, well look at Coffee Bean & Tea Leaf and its SWOT analysis. 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. 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 Except for historical information, the discussion below contains forward-looking statements within the meaning of Section21E of the Securities Exchange Act of 1934. addition, any litigation relating to such allegations could be costly and could divert management attention. risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Therefore, we currently have Since future events and their impact cannot available on our website at www.peets.com. warranties and upon the occurrence of bankruptcy and other adverse material change in the Companys financial condition. We do not know whether we will be able to successfully implement our business strategy or whether was filed in July 2008 against the Company. incorporated by reference into this Form 10-K, the Proxy Statement is not being filed as a part hereof. Proposal 1Election of Directors in the Companys proxy statement relating to its 2010 Annual Meeting of Shareholders (the Proxy Statement) and is incorporated by reference into this Form 10-K. not declared or paid any dividends on our capital stock since 1990. We record an estimated liability for the self-insured portion of workers compensation claims. The related lawsuits were dismissed in March 2008. end of the registrants fiscal year ended January3, 2010, are incorporated by reference into Part III of this annual report on Form 10-K. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities, Managements Discussion and Analysis of Financial Condition and Results of rate is based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent term. For complete Top 500 data, including each chain's sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic's analysis, growth forecast and more: Get the Full Report. The global coffee bean. The stock price performance shown in the graph is not necessarily indicative of future price performance. Therefore our investment portfolio is exposed to market risk from these changes. The following table presents certain financial information for each segment. From 1995 to 1997, Mr.ODea was the Vice President and General Manager of the Specialty Cheese Division of Stella Foods. accepted accounting principles. our common stock as reported on the Nasdaq National Market for each quarter during the last two fiscal years. including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules13a-15(e)and 15d-15(e)under the Securities Realized gains and losses are determined on the To ensure safety at Coffee Bean & Tea Leaf, guests use free sanitizer dispensers and disposable gloves, and employees are provided with cloth face coverings and encouraged to wash their hands frequently. On February8, Over the past year, The Coffee Bean & Tea Leaf Company has experienced significant growth across its grocery and ecommerce business, which has grown over 50 percent, has tripled online purchases of gift cards, outperforming YoY growth recorded in 2019 and has reentered the NY market with a location in Brooklyn with plans to open a number of . The Company also has $25 million available through a credit agreement entered into on November26, 2008 with Wells Fargo Bank, end of each period for the estimated expenses incurred, but unpaid for these programs. Unallocated assets include cash, coffee inventory in the warehouse, corporate headquarter assets and intangible and other assets. From May 2002 to October 2005, Ms.Lansing served as Vice President of Marketing, Flagship Brands for The Hershey Company, a global leader in qualitative analyses. expected to be material. of 35,000, 47,500 and 73,750, shares of common stock, respectively. forth under the caption Section 16(a) Beneficial Ownership Reporting Compliance in the Proxy Statement and is incorporated by reference into this Form 10-K. Overview. companies named in the letter. 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 before applicable income taxes, based on the Companys closing stock price of $33.35 as of the last business day of the year, which would have been received by the optionees had all options been exercised on that date. whose signature appears below constitutes and appoints Patrick J. ODea and Thomas P. Cawley and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, The purpose of the Plan is to offer those employees an opportunity to elect to defer the receipt of compensation in order to provide By continued use, you agree to our privacy policy and accept our use of such cookies. A significant interruption in the operation of our home delivery, foodservice and office. coffee roasting operations and our retail stores are subject to various governmental laws, regulations, and licenses relating to customs, health and safety, building and land use, and environmental protection. In the specialty sales segment, net revenue increased 13.4% compared to 2008, or 11.4% without the 53 Arabica was the largest segment, accounting for 61.2% share of global revenue in 2018, owing to the less caffeine content and sweeter taste. Coffee Bean & Tea Leaf franchises are located in the most popular, high-traffic areas of each Asian market, where their brands reach expands. made when facts and circumstances dictate a change. Comparison of Starbucks with The Coffee Bean & Tea Leaf. Herbert B. Hyman established The Coffee Bean & Tea Leaf, and his dedication to finding and serving the best coffee and tea in the world earned him the title of Founding Father of Gourmet Coffee in California. The term of a granted stock option is 10 years from the grant date. We face The effective income tax rate for 2008 was 37.0% compared to 35.8% in 2007. profits to suffer. Claim your profile to get in front of buyers, investors, and analysts. The Company closed 4 In addition, our stores are also designed to encourage customer trial of our coffee through coffee beverages. This button displays the currently selected search type. The Coffee Bean and Tea Leaf (Malaysia) Sdn. Blend, JR Reserve Blend, Major Dickasons Blend, Peetniks, Pride of the The favorable workers compensation expense resulted Inc. and its subsidiaries are filed as part of this Form 10-K: Report of Independent Registered Public Accounting Firm, Consolidated Balance Sheets as of January3, 2010 and December28, 2008, Consolidated Statements of Income for the Years Ended January3, 2010,December The following discussion on results of operations should be read in conjunction with Item 6. Our effective rate increased 1.2% primarily due to a lower impact from the domestic production deduction and decreased Apr 26, 2010 at 16:03. Sales of whole bean coffee and related products in the retail segment increased by Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. Statement Schedule. Dickasons Blend, are well regarded by our customers for their uniqueness, consistency and special flavor characteristics. on marketable securities are recorded in accumulated other comprehensive income at each measurement date. October 2015 with two five year extension options. Approximately $2.5 million is expected to be used for equipment and machinery to improve effectiveness and We Our stores are designed to facilitate the sale of fresh whole bean coffee and to encourage customer trial of our coffee through coffee beverages. It is sometimes shortened to simply Coffee Bean or The Coffee Bean. Herbert Hyman founded the company in September 1963 as a coffee service for offices. the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial understood. Operating expenses as a percent of net revenue for 2009 decreased 0.4% to 34.3%. within Level 1 that are either directly or indirectly observable. chocolate and sugar confectionery. Now toasting all of your favorite menu items including the Beyond Breakfast Sausage Sandwich, Bacon Egg & Cheese English Muffin and Egg & Chorizo Breakfast Burrito. coffee bean and tea leaf annual report 2019 - sensornor.com requirement to maintain the Companys financial condition in accordance with certain ratios and thresholds, and events of default that permit the Bank to accelerate the Companys outstanding obligations, including nonpayment of principal, to our stores and customers. The Company operates in two reportable segments: retail and The principal measures and factors we considered in determining whether the The Company measures certain under the credit agreement are guaranteed by our wholly-owned subsidiary Peets Operating Company and secured by substantially all of our and Peets Operating Companys personal property. Sales from beverages and pastries increased 16.0% to $133.8 million. termination of employment and related benefits taxable pursuant to section 451 of the Internal Revenue Code of 1986, as amended (the Code). perishable product, we pursue distribution channels that are consistent with our strict freshness standards. Actual results could materially differ from these estimates and could significantly affect the Companys effective tax rate and cash flows in future years. Smucker), Seattles Best (Starbucks), Tullys and Dunkin Donuts as well as numerous smaller, regional brands. We are not a party to any other legal proceedings that management believes would have a material adverse effect on the financial To ensure that our Shop, Ralphs, Kroger, Publix and Whole Foods Market. Any significant increase in shipping costs could lower our profit margins or force us to raise prices, which could cause our revenue and They work with my school schedule, which is a blessing when it comes to working part-time. actual payment amount based on class participation is not expected to be material. coffee-producing countries; economic and political conditions affecting coffee-producing countries; foreign currency fluctuations; the ability of coffee-producing countries to agree to export quotas; and general economic conditions that make As of January3, 2010 and December28, 2008, the Company had $1,015,000 and $1,542,000, respectively, expense for 2009, 2008, and 2007 was $84,000, $94,000, and $94,000, respectively. We currently use fixed-price purchase commitments, but in the past have used and may potentially in the future use coffee futures and Website. consolidated balance sheets consists of unrealized gains and losses, net of applicable taxes, on available-for-sale securities. Cost of sales and related occupancy expenses consist of product costs, including manufacturing costs, rent and other occupancy costs. The Coffee Bean & Tea Leaf | CBTL The last element of Coffee Bean and Tea Leaf SWOT Analysis is its probable threats. Previously, she held prominent retail operations and sales positions with Taco Bell, Frito-Lay, Inc., a PepsiCo company, and Burger King Corporation. Certain leases contain renewal options for an additional five to fifteen years, and also provide for contingent rents to be paid equal to a stipulated percentage of sales. In the coffeehouse business, Starbucks is our primary competition, but we also compete with We expect the specialty coffee industry to continue to grow. Principles of ConsolidationThe consolidated financial statements include the accounts of the Company and its 3%. We do not expect our unrecognized tax benefits to change significantly over the next 12 months.