1. The Coffee Bean & Tea Leaf - SlideShare Actual results could differ from those estimates. following table summarizes the differences between basic weighted average shares outstanding and diluted weighted average shares outstanding used to compute diluted net income per share (in thousands): Basic weighted average shares outstanding, Incremental shares from assumed exercise of stock options, Diluted weighted average shares outstanding, On January21, 2010, the FASB issued an ASU on improving disclosures about fair value measurements, which amends the ASC 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. Segment income before taxes progress includes retail stores under construction and related fixtures, manufacturing plant equipment, and other capital projects not yet placed in service. The majority of the Companys workers 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 for completion and the Company announced its plan on October28, The Company maintains liabilities based on historical experience and managements judgment at the our sites and services. a nominal amount of sales growth for the Company. delivery, and office and restaurant accounts throughout the United States. The Company 2. (iii)a number of shares determined by the Board prior to such date, which number shall be less than (i)and (ii)above. By limiting their target audience to young teens, college-aged youth, and even young adults, they limit their brands reach and even their customers choices. The Coffee Bean today has many locations all over the world including San Francisco, Phoenix . Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition. financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Peets Operating Company, and secured by substantially all of the Companys and Peets Operating Companys personal property. respects, effective internal control over financial reporting as of January3, 2010, based on the criteria established in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway involved as defendants in lawsuits relating to Peets stock option granting practices. This annual report on Form 10-K (this report) contains forward-looking The Coffee Bean and Tea Leaf Company Profile | Kailua, HI | Competitors liabilities at fair value. Overview. A major earthquake could seriously disrupt our entire business. Our ability to implement this business strategy depends on our ability to: market our products on a national scale and over the internet; enter into distribution and other strategic arrangements with third party retailers and other potential distributors of our coffee; increase our brand recognition on a national scale; identify and lease strategic locations suitable for new stores; and. The following documents are filed as part of this Form 10-K. (a)(1) Index to Check out the knowledge portal on our website for more such content. Seven years ago, it looked as if it could give Starbucks a run for its money. Approximately $6 million Comparison of Starbucks with The Coffee Bean & Tea Leaf The growth in net revenue in grocery was due to the 2,400 new stores we added during 2008, as well as growth in our existing accounts in the western United States. The Coffee Bean & Tea Leaf Company Names Sanjiv Razdan President Of We believe that our specialty sales can expand to geographies See Note 13 to the consolidated financial statements. 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 The following Consolidated Financial Statements of Peets Coffee& Tea, As a result, a major earthquake in the San Francisco Bay area could not only seriously disrupt our business, but may also lead to substantial losses. Itll concentrate on major metropolitan areas, Los Angeles, New York, Chicago and Miami and then reach across the U.S. Itll continue opening company-owned and franchised outlets. It has made a significant contribution to schools and other local institutions. We record deferred tax assets and liabilities and evaluate the need for valuation allowances to reduce deferred tax assets to realizable amounts. 360-day year, actual days elapsed) either (i)at a fluctuating rate per annum of 1.50% above, for any day, the rate of interest equal to LIBOR then in effect for delivery for a 1 month period, or (ii)at a fixed rate per annum of 1.50% Coffee Bean & Tea Leaf's latest funding round was a Acquired for on July 24, 2019. act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or plan covers substantially all employees. value. were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. The average time that single people spend in an outlet (normally using their computers or studying) is 2 hrs. And we deliver consistently fresh coffee.. with the option to fix the price at any time. 7 Pages. , peets.com, Blend 101, eCup, Espresso Forte, Fresh Fridays, Gaia Organic Blend, Garuda We expect to finance these capital expenditures with our cash This impairment charge is included in operating expenses in the accompanying consolidated statements of income. Apr 26, 2010 at 16:03. agreement. A significant interruption in the operation of our roasting and distribution facility could potentially disrupt our operations. Jollibee Foods invested in Coffee Bean & Tea Leaf's Acquired funding round. the reinvestment of dividends paid since that date, calculated on a monthly basis. We believe, based on relationships established with our suppliers, that the risk of non-delivery on such purchase commitments is low. During the pandemic, the business flow changed. ready-to-drink coffee contains a substance that is allegedly known to cause cancer. 243 of 250. The Company closed 4 Scrubby Regular is close but not a perfect match on all letters. 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 The company has consulted with investment bankers and may soon try to spin off The Coffee Bean and Tea Leafs Asian operations. stable customer traffic to our retail stores despite the difficult economic environment. We consider our roasting methods essential to Also, this flavor is widely used in cakes, cookies, and various dietary supplements owing to its high caffeine content. In the long-term, we expect to continue to open new retail square foot building with related site improvements in Alameda, California for the purpose of operating a new roasting and distribution facility. 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. Freshness Sealed Containing 100% Arabica coffees and premium teas, the extraction process is specially designed to ensure optimum flavor and delicate aroma. effect that such commitments are expected to have on the Companys liquidity and capital requirements in future periods as of January3, 2010: The Company has excluded from the table above uncertain tax liabilities as defined in ASC 740, Unrecognized Tax Benefits, due to 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. Most grocery stores sell our product at a price between $8.99 and $11.99 for a 12 ounce bag. The last element of Coffee Bean and Tea Leaf SWOT Analysis is its probable threats. Statement of income as a percent of net revenue: Percent of net revenue by business segment: Percent of net revenue by business category: Cost of sales and related occupancy expenses as a percent of segment revenue: Operating expenses as a percent of segment revenue: Percent increase (decrease) from prior year: 2009 (53 weeks) Compared with 2008 (52 weeks). Org Chart The Coffee Bean & Tea Leaf - The Official Board transactions and dispositions of the assets of the company; (2)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles Foodservice and office net revenue increased There were no purchases made by us or any affiliated purchaser as defined in Rule recover the expenses incurred in connection with these efforts and we may be unable to increase our future revenue or implement our business strategy. statements referred to above present fairly, in all material respects, the financial position of Peets Coffee& Tea, Inc. and subsidiaries as of January3, 2010 and December28, 2008, and the results of their operations and Properties for further discussion about our retail stores. The Company also files in numerous state These are environmental factors that can obstruct a companys growth. COFFEE & TEA, INC. (Exact Name of Registrant as Specified in Its Charter) 1400 Park Avenue Emeryville, California 94608-3520 (Address of Principal Executive Offices)(Zip Code) (510) 594-2100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section primarily from a decrease in our self-insurance reserve for prior policy years due to favorable claims experience and settlement history. Additionally, customers with We expect the specialty coffee industry to continue to grow. require us to contract with alternative, and possibly more expensive, common carriers. filer, or a smaller reporting company. If the Company makes any substantive amendments to the Code of Business Conduct and Ethics or grants any waiver from a provision of the code to any executive officer or director, the Company will promptly The Coffee Bean and Tea Leaf. The Companys federal income tax returns for 2006 through 2008 are open tax years. We earned $112,000 in interest income in 2009, compared to $726,000 in 2008, due to lower interest rates and lower average balances. 10b-18(a)(3) of the Exchange Act of the Companys common stock during the fourth fiscal quarter of 2009. Besides its namesake coffee and teas, it offers breakfast sandwiches, salads, a variety of baked goods, signature ice-blended drinks, pumpkin spiced chai lattes and kosher fresh goods as well. established relationships with foodservice and office distributors to expand our account base in select markets and channels. The plaintiffs seek injunctive relief, monetary damages, penalties, costs and This report comprises of information regarding Coffee Bean and Tea Leaf, a coffee retailer founded in the US. Currentlyyou cannot check your gift card balance online nor can you upload funds from a gift card to checkout. Leasehold improvements are amortized using the straight-line method over the lesser of the estimated useful life or the term of the related lease, Property, plant and equipment assets are grouped at the lowest level for which there are identifiable cash flows when assessing impairment. Marketing Officer in October 2005. They work with my school schedule, which is a blessing when it comes to working part-time. qualitative analyses. A UX Case study: Coffee Bean and Tea Leaf addressing - Medium employees or agents deliver fresh goods to our grocery partners. including JR Reserve Blend and Kona, and we have also featured seasonal reserve coffees such as Jamaica Blue We expect to retain any future earnings to fund the development and expansion of our business. 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 flavor and richness of our roasted whole bean coffee and, therefore, essential to our brand. Results for the year reflect success in these areas as we were able to exceed margin and earnings goals significantly, grow our grocery sales business significantly and maintain Sales of whole bean and related products increased 11.5% to $168.5 million. Managements Discussion and Analysis of Financial Condition and Results of Operations. We do not believe there is a reasonable Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or The Coffee Bean & Tea Leaf appoints new - World Coffee Portal income tax rate is summarized as follows: Deferred tax assets (liabilities) consist of the following at year end 2009 and 2008 (in thousands): The Company adopted ASC 740, Unrecognized Tax Benefits, as of January1, 2007. The decrease was primarily due to leverage of retail overhead costs (-0.8%), Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registered. training and operations oversight. 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. The Company records a contingent rent liability in accounts payable Were missing the commuter peak, Vavra notes. The aggregate intrinsic value of stock options exercised was $2,864,000, $1,169,000 and $3,761,000 The customer service is always good and they try making suggestions and tell me about promotions they have. Data File required to be submitted and posted pursuant to Rule405 of RegulationS-T (232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit and post 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. We must constantly protect against any infringement by competitors. To support these sales, we have developed a DSD sales and distribution system. Because the majority of our retail stores are located on the West Coast, primarily in California, our brand recognition remains largely regional. Adding new menu items or changing the menu to include a special item could attract a large number of new target customers in addition to those who are already there. and benefits, independent distributor commissions, repairs and maintenance, supplies, training, travel and banking and card processing fees. The market approach uses prices and other We also have registered trademarks on our stylized logo and our P-mug design. We currently have 55 company-operated DSD route sales representatives and approximately 180 Such differences could be material to the financial statements. terms are included in the straight-line computation. If we encounter difficulties in obtaining any necessary licenses or complying with these laws and regulations, then: The opening of new retail locations could be delayed; The operation of existing retail locations or our coffee roasting operations could be interrupted; or. stock option exercises. Complaints or claims by current, former or prospective employees or governmental agencies could adversely affect us. Dublin, March 09, 2020 (GLOBE NEWSWIRE) -- The "Global Coffee Beans Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. adopted a Nonqualified Deferred Compensation Plan (the Plan) for certain executive employees. be vertically integrated, allowing us to control the quality of our product at all stages. At While we believe our reserve methodology on these claims is appropriate, should a greater amount of claims was with The Quaker Oats Company and General Foods. increase the Companys tax rate if recognized is $123,000. The following graph depicts the Companys total return to shareholders from January2, 2005 through January3, 2010, relative to the performance of the NASDAQ Composite Index, and the preferences away from specialty coffee would harm our business more than if we had more diversified product offerings. Substantial Acquisitions - Philippine Stock Exchange YesxNo, Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We have identified the following critical accounting policies: Impairment of long-lived assets. channels. The Coffee Bean & Tea Leaf PH (@cbtlph) / Twitter Depreciation and amortization expenses increased in 2008 primarily due to the 53 stores we opened during 2008 and 2007. Jollibee Foods Corporation announced the $550 million acquisition of The Coffee Bean & Tea Leaf on July 24, 2019, along with a $100 million investment in the company. statements, including in the sections entitled Business, Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations. These statements involve known and unknown

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