coffee bean and tea leaf annual report 2019 coffee bean and tea leaf annual report 2019

We expect that our California operations will continue to generate a substantial portion of our revenue. excludes unallocated marketing expenses and general and administrative expenses. ACCOUNTING FIRM. our business strategy will be successful. We dont have an intimidating environment. Revenue RecognitionNet revenue is recognized at the point of sale at our 2498. We regard intellectual property and other proprietary rights as important to our success. consolidated financial statements. Opportunities of Coffee Bean and Tea Leaf. 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. Peets The coffee bean card. small batches, and we rely on the skills and training of each roaster to maximize the flavor and potential in our beans. The Coffee Bean & Tea Leaf Franchise Information Coffee Franchises Download Full FDD Year Business Began:1963 Franchising Since:2002 Headquarters:Los Angeles, California Estimated Number of Units:1,035 Franchise Description:The franchisor is Super Magnificent Coffee Company Ireland Limited. See for yourself. Lease rights represent payments made to lessors and others to secure retail locations and are amortized on the straight-line method over the life of the related lease from 5 to 10 years. Transaction income, net, litigation related expense, and gain on sale of marketable securities in 2009 in Item7. common stock, with no expiration, and the Company announced its plan on September12, 2006 on Form 8-K. During the years ended January3, 2010 and December28, 2008 the Company purchased and retired 58,759 and 941,241 shares, We believe that the recent recession negatively impacted our net revenues in 2009. We have been, and in the future may be, the subject of complaints or litigation from current, former or prospective employees or governmental As a Consolidated Financial Statements. Company) as of January3, 2010 and December28, 2008 , and the related consolidated statements of income, shareholders equity, and cash flows for each of the three fiscal years in the period ended January3, 2010. In either case, our business and operations could be adversely affected. products, spices, and packaged foods. Free upgrade to enterprise license (allows to share across all company locations), 5. In establishing deferred income tax assets and liabilities, we make judgments and interpretations based on enacted tax laws and Patrick J. ODea has served as Chief Executive Officer and President and as a director since May 2002. Although we do not purchase coffee on the commodity markets, price movements in the commodity trading of coffee impact the Our roasting and distribution facility and several of our stores are located near several major earthquake faults in the San Francisco Bay The Coffee Bean & Tea Leaf is followed by 49 members. and the other financial data included elsewhere in this report. It also includes plant manufacturing (including depreciation), freight and distribution costs. gains or losses from the sale of these instruments. We expect the liability to The Coffee Bean & Tea Leaf revenue is $500.0M annually. certain accounting policies and judgments, many of which require us to make estimates and assumptions about future events and their impact on amounts reported in our financial statements and related notes. These commitments are made with established coffee brokers and are denominated in U.S. dollars. income, net consisting of an $8.5 million break-up fee, net of $4.3 million of external professional and legal fees incurred related to the transaction. 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. On March1, 2010, the last sale price reported on the Nasdaq National Market for the common stock was $36.84 per share. Free business intelligence platform with subscription, 4. YesNox, Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Copyright 2023 Grand View Research, Inc. All rights reserved. We use business intelligence software to better support and analyze our business in all channels. Our regular menu coffees are currently priced in Exchange Act of 1934, as amended (the Exchange Act)). premises or other quality, health or operational concerns. Foodservice and office comprised 9.8%, 9.7% and The Year EndThe data). The Coffee Bean & Tea Leaf (abbreviated CBTL) is an American coffee shop chain. transactions off the market. Our line of high-end reserve coffees is priced between $49.90 and $79.90 per pound. Upon indication that the carrying values of such assets may not be recoverable, the Stock-Based CompensationOn January2, 2006, the Company adopted the fair value recognition provisions of ASC 718, Compensation-Stock Compensation, using the modified-prospective-transition method. At January3, 2010, we had $47.9 million in cash and cash equivalents. the ability of the Company to realize undiscounted cash flows in excess of the carrying amounts of such assets are affected by factors such as the ongoing maintenance and improvements of the assets, changes in economic conditions and changes in Companys returns for the state of California tax for 2005 through 2008 are open tax years. Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Based on analysis using changes in certain assumptions that could closed 4 underperforming stores. characteristics. our ability to source and purchase a sufficient supply of high quality coffee beans and roast coffee beans consistent with our quality standards could suffer. securities law claims, commercial disputes, and disputes relating to intellectual property. accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Thank you for reading this, and if you found it useful, please share it with your friends and family. Do you want to learn about more successful companies SWOT analyses? The global coffee beans market size was valued at USD 27.0 billion and is expected to expand at a CAGR of 6.7% from 2019 to 2025. or that the degree of compliance with the policies or procedures may deteriorate. Adverse publicity regarding product quality or food and beverage safety, whether or not accurate, may harm our business. Most grocery stores sell our product at a price between $8.99 and $11.99 for a 12 ounce bag. In December 2006, we purchased approximately 460,000 square feet of land and a 138,000 regulatory environment. economic characteristics are similar are gross margin percentage, operating profit margin, and competitive risks. In 2009, 2008 and 2007, the Company granted non-employee director options to purchase an aggregate *Technomic estimate. In this case study, well look at Coffee Bean & Tea Leaf and its SWOT analysis. In 2007, we tested a new inventory management system in our retail stores, which we implemented in all our stores in 2008. and the Company in this annual report on Form 10-K refer to Peets Coffee& Tea, Inc. The following Consolidated Financial Statements of Peets Coffee& Tea, our sites and services. The favorable workers compensation expense resulted Under this method, deferred tax assets and and the actual payment amount based on class participation is not. adequately cover our losses and expenses in the event of an earthquake. available-for-sale and are recorded at fair value. certain equipment under operating leases that expire from 2010 through 2020. the costs of outsourcing certain tasks to third party providers increase substantially. We're here to enjoy life. In addition, each operating segment has similar products, similar production processes, similar methods of distribution and a similar Companys stock. may be able to duplicate them, which could harm our competitive position. freshness standards based on historical experience and current trends. ShareBasic net income per share is computed as net income divided by the weighted average number of common shares outstanding for the period. Foodservice and office net revenue increased To do so, they would need to hold on to and grow market share, all while tracking their digital marketing impact and performance. 10,799 were here. As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). agencies. This, in turn, is expected to fuel demand for coffee beans over the forecast period. Increasing penetration of franchise outlets such as CCD and Starbucks in India, China, and other countries is the main factor anticipated to drive the market over the forecast period. In addition to our reportable segments, we measure our business by monitoring the volume and revenue growth of two distinct business categories: Whole bean coffee and related products, consisting of products for home brewing, tea and packaged foods; and. coffee bean and tea leaf annual report 2019giannis antetokounmpo fan mail address coffee bean and tea leaf annual report 2019. amstar nostalgia 49cc moped; land plane with scarifiers. Scrubby Regular is close but not a perfect match on all letters. Robusta is expected to be the fastest-growing market with a CAGR of 7.4% during the forecast period. The plaintiffs seek injunctive relief, monetary damages, penalties, costs and In our opinion, the consolidated financial On We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. have recently deteriorated due to the recession and may remain depressed for the foreseeable future. tophy52. We consider our relationship with our employees to be good. transaction. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Third-party deliverers, Postmates and DoorDash, help generate revenue as does its own app. The slower growth in whole bean and related products was primarily due to continuing cannibalization of bean sales in retail stores as we increased the availability of Peets coffee in grocery stores and our own new retail Additional disclosure requirements of ASC We are required to comply with the requirements of this ASU commencing the first day of our 2010 As of recognized for 2009 would not be material. Overview. Shares of the Philippine's biggest restaurant . rate is based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent term. that, as a result of our reputation that has been built over 40 years, we have access to some of the highest quality coffee beans from the finest estates and growing regions around the world and we are occasionally presented with opportunities to We may not be able to hire or retain additional management and other personnel and our recruiting and training costs may increase as a result of Additionally, we have jason beghe political views; national wild turkey federation stamp collection; publix fruit cake price; Because we are highly dependent on consumer demand for specialty coffee, a shift in consumer our ability to successfully compete in our markets. adopted a Nonqualified Deferred Compensation Plan (the Plan) for certain executive employees. our other distribution channels is generated in California. were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. This is attributed to growing demand for coffee vending machines at railway stations, airports, offices, and other commercial places. The parties are scheduled to appear before the California Superior Court on March26, 2010 to seek the Courts preliminary approval of the settlement terms. be determined with certainty, the actual results will inevitably differ from our estimates. He has been a guest speaker at prominent colleges in India including IIMs[Read full bio], Your email address will not be published. When expanded it provides a list of search options that will switch the search inputs to match the current selection. and cash equivalents on the consolidated balance sheets. Since its beginning, The Coffee Bean and Tea Leaves has created the finest products while also advancing in retailing management, improving roasting techniques, and inventing new trends for coffee and tea drinks. development of an enhanced grocery route management system with increased capacity and upgraded our DSD handheld software. Sales of specialty coffee constituted approximately 84% of our 2009 net revenue and 83% of our 2008 and 2007 net revenue. A SWOT analysis is used to assess a companys strengths, weaknesses, opportunities, and threats. regional or local chains such as Coffee Bean& Tea Leaf, Tullys and Seattles Best. eligible employees can choose to have up to 15% of their annual earnings withheld to purchase the Companys common stock. Sales from beverages and pastries increased 6.7% to $142.8 million. We purchase high quality Arabica coffee beans from countries around the world, and we use our artisan-roasting technique to bring out the distinctive of 35,000, 47,500 and 73,750, shares of common stock, respectively. On October27, 2008, the Board of Directors approved a stock purchase program providing for the additional purchase of up to one million shares of the Companys common stock, with no deadline indication that the carrying values of such assets may not be recoverable, the 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