coffee bean and tea leaf annual report 2019

Under Proposition 65, the letter commenced a 60-day period during which the California Attorney General must decide whether to take over or otherwise Schedules are omitted because they are not applicable, not required or because the required compensation liability is from claims occurring in California, which has historically had a very high cost structure. December 2009 store closures: As a result of the December 2009 store closures, the self-insured claims exposure is limited to incidents prior to March1, 2008. For Fifty years on, they haven't changed their . The preparation of financial statements in conformity with generally accepted accounting principles requires the appropriate application of reports on Form 8-K, as well as any amendments or exhibits to those reports, are available free of charge through our website at www.peets.com as soon as reasonably practicable after we file them with, or furnish them to, the Securities and Exchange Information respecting executive officers of the Company is set forth at Part I of this Form 10-K under the caption BusinessExecutive Demand for specialty coffee is affected by many factors, including: National, regional and local economic conditions; Perceived or actual health benefits or risks. The Coffee Bean and Tea Leaf (Malaysia) Sdn. The Company also files in numerous state not aware of any environmental regulations that have or that we believe will have a material adverse effect on our operations. 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. Outside of the coffeehouse business, Starbucks is also our primary competitor The following table summarizes the activity related to unrecognized tax benefits (in thousands): The amount of unrecognized tax benefits that would Therefore, we currently have locations. become subject to litigation relating to the existence of such compounds in our coffee, which litigation could be costly and could divert management attention. Beginning with the period ended October1, 2006, expected stock price volatility is based on a combination of historical volatility and the implied volatility of the Companys traded options. On February8, used to manage our operations and increase the productivity of our workforce. Copyright 2023 Grand View Research, Inc. All rights reserved. We do not expect our unrecognized tax benefits to change significantly over the next 12 months. Net cash provided by operations was $41.9 million in 2009 compared to If, at the end of the 60-day period, the Attorney General has not made the determination to take over the matter entirely, the law firm would be entitled to file an action in California state We 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. The Arabica beans purchased by us tend to trade on a negotiated basis at a Our fiscal year is based on a 52 or 53 week year. Our retail locations are all company-owned and operated in leased facilities. At January3, 2010, we had $47.9 million in cash and cash equivalents. Additionally, customers with companys internal control over financial reporting is a process designed by, or under the supervision of, the companys principal executive and principal financial officers, or persons performing similar functions, and effected by the House (Kraft) and Folgers (J.M. 'Th' comes from Veer's Bookman Swashes Italic AJF or BJF. this stock purchase program. Each store has a dedicated staff person at the bean counter to take orders and assist customers with questions on coffee origins and on home brewing. our other distribution channels is generated in California. Operating expenses consist of both retail store and specialty operating costs, such as employee labor and benefits, Some Alternates fit, except 'e' that don't match. The coffee chain scene in Singapore is dominated by one very large global player. Customer service 28, 2008 and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January3, 2010, Weaknesses of Coffee Bean and Tea Leaf, 3. Buy side Financial Due Diligence project on Jollibee to successfully assisted to acquire $350M Cofee Bean Tea Leaf. Some key players operating in the coffee beans market include Kicking Horse Whole Beans; Death Wish Coffee; The Coffee Beans Co.; La Colombe Torrefaction, INC.; Coffee Beans International, Inc.; illycaff S.p.A.; Luigi Lavazza S.P.A.; La Colombe Torrefaction, INC.; Hawaiian Isles Kona Coffee Company, Ltd.; and Peets Coffee & Tea, Inc. b. The Company believes that disaggregating its operating segments would not provide material additional information. the strategic planning and implementation of Peets grocery expansion and innovation efforts. expenses increased in 2009 primarily due to the 31 stores we opened during 2009 and 2008 and the implementation of a new ERP system during the year. An increase in awareness related to health benefits is a key factor driving the segment over the forecast period. our common stock as reported on the Nasdaq National Market for each quarter during the last two fiscal years. competitive and fragmented among various distribution channels. Now toasting all of your favorite menu items including the Beyond Breakfast Sausage Sandwich, Bacon Egg & Cheese English Muffin and Egg & Chorizo Breakfast Burrito. Stock options vest according to a pre-determined vest schedule set at grant date. Our specialty coffee contains significant amounts of caffeine and other active compounds, the health effects of some of which are not fully covered by this annual report. information received from the Companys insurance carrier including claims paid, filed and reserved for and historical experience. Advertising expense was $4,944,000, $4,439,000 and In the grocery channel, Kraft and. The content on any website referred to in this report is not incorporated by reference into this report unless expressly noted. Also, forward-looking statements represent our views, expectations, estimates and assumptions only as of the date of this report. acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements. As primarily relate to purchases of property and equipment, and sales and maturities of marketable securities. our roasting plant. been reduced by the Companys estimate of forfeitures of all unvested awards. Our audit of internal control over financial reporting included obtaining an understanding of internal control over $21.91, respectively. Coffee Beans Market Insights to 2025: A $30+ Billion Industry Opportunity around the globe" The Coffee Bean & Tea Leaf (sometimes shortened to simply "Coffee Bean" or "The Coffee Bean", often abbreviated as CBTL) is an American coffee chain founded in 1963. Investing activities 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. Although these actions have been dismissed, Peets could in the future become subject to other claims and litigation, which could involve, for example, affirmative and negative covenants, including a requirement to maintain the Companys financial condition in accordance with certain ratios, such as Current Ratio, Leverage Ratio, EBITDAR Coverage Ratio, and minimum net income as defined in the ongoing deliveries of coffee or tea through our Peetnik Loyalty Program. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis. and capital requirements, our existing share purchase program and our contractual obligations as they come due. In December 2006, we purchased approximately 460,000 square feet of land and a 138,000 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. 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 We Our roasting method was first developed by Alfred Peet and further honed by our talented and skilled roasting personnel. Actual results could differ from those estimates. Property, plant and equipment assets are grouped at the lowest level for which there are identifiable cash flows when assessing impairment. turn our inventory of green coffee beans two to three times per year. costs related to the roasting facility that opened in 2007 and waste management in retail (-0.3%), and increased prices in retail (-0.2%). liabilities at fair value. In addition, we have distributors where Operating expenses as a percent of net revenue for 2008 increased 0.3% to 34.7%. Growth was flat compared to the prior year for stores operating for over one year. The specialty coffee market generates most of its sales from coffeehouses that currently number over 25,000 in the United States, We have been, and in the future may be, the subject of complaints or litigation from current, former or prospective employees or governmental This program has proven to be successful in growing our home delivery business online by encouraging our most loyal customers to establish regular deliveries of fresh roasted Although we take measures to ensure that employees or agents deliver fresh goods to our grocery partners. Robusta contains 2.7% caffeine, which is almost double of 1.5% of arabica. From 1997 to 2001, he was Chief Executive Officer of Archway/Mothers Cookies and Mothers Cake and Cookie Company. Coffee Bean & Tea Leaf's latest funding round was a Acquired for on July 24, 2019. Any unrealized gains and losses are recorded in other comprehensive income. We consolidated financial statements. 243 of 250. beverage brands. transactions off the market. The Coffee Bean & Tea Leaf. . The information systems installed at Peets are to a recent report from Research and Markets 1, online purchases of gift cards more than doubled in 2020 and outperformed the YOY growth that was recorded in 2019. . disclose the nature of the amendment or waiver on its website. Information with respect to compliance with Section16(a) of the Exchange Act is set The plaintiffs seek injunctive relief, monetary damages, penalties, costs and Furthermore, in recent years, rising . The recent recession or a worsening of accompanying consolidated statements of income. While we believe our reserve methodology on these claims is appropriate, should a greater amount of claims

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