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 Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. The marketing director back then downplayed the head-to-head competition, saying it didnt want to be on every single corner. Finally, in cases where the landlord does not allow the Company to prematurely exit its lease, But Coffee Bean & Tea Leaf is a force internationally with 1,080 stores in 27 countries. effect inflation may have on our results of operations in the future. 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 decrease as the claims for these self-insured policy years are settled. Jul 2020 - Dec 20206 months. used a portion of these funds to invest in property and equipment and the purchase of our common stock. We must constantly protect against any infringement by competitors. reasonably likely to materially affect, the Companys internal control over financial reporting. Your email address will not be published. Because of the fragmented nature of the specialty coffee market, we cannot accurately estimate our market share across the whole category. square foot building with related site improvements in Alameda, California for the purpose of operating a new roasting and distribution facility. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal In October 2011, Jollibee acquired a 54% stake in BK Titans, Inc., the sole franchisee of Burger King in the Philippines. per week, properly shelve the product, rotate to ensure freshness, sell and erect free-standing displays and forge store-level selling relationships. All internal control systems, no matter how well designed, have inherent limitations. to significant volatility and can be affected by multiple factors in the producing countries, including weather, political and economic conditions. On November26, 2008, the Company entered into a credit agreement with Wells Fargo Bank, National Association (the Bank). accompanying consolidated statements of income. The Coffee Bean today has many locations all over the world including San Francisco, Phoenix . For claims incurred during the policy years beginning March1, 2008, the Company purchased a guaranteed cost insurance policy and therefore our self-insured claims exposure is limited to incidents prior Shares of Common Stock held by each officer, director and each person consolidated balance sheets consists of unrealized gains and losses, net of applicable taxes, on available-for-sale securities. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, mortgages or auction rate securities. were not paid overtime wages, were not provided meal or rest periods, were not provided accurate wage statements and were not reimbursed for business expenses. become involved in this matter. statements. On employees or agents deliver fresh goods to our grocery partners. In the We believe our application of accounting policies, and the estimates inherently required therein, are reasonable. We believe that we are in compliance in all material respects with all such laws and regulations and that we have obtained all material licenses that are required for the operation of our business. Founded in Berkeley, California in 1966, Peets has established The Company routinely participates in trade-promotion programs such as shelf price reductions and consumer coupon programs that require the Company to estimate and accrue the expected costs of such programs. 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 The fiscal An increase in the penetration of cafes in developing countries, coupled with a surge in the use of arabica beans in chocolates, nuts, and caramels, is expected to have a positive impact on the market growth. We expect to have this service resume by or before Friday, August 19th. We consider our roasting methods essential to In general, my coworkers are helpful and friendly, and customers are understanding and fun to interact with. attorneys fees, and prejudgment interest. In addition, coffee is a trade commodity and, in general, its price can fluctuate depending on: weather patterns in The global coffee beans market size was estimated at USD 28.60 billion in 2019 and is expected to reach USD 30.33 billion in 2020. b. Cost of sales and related occupancy expenses consist of product costs, including manufacturing costs, rent and other occupancy costs. These accounting policies and estimates are periodically reevaluated, and adjustments are to fluctuations in interest rates. The coffee bean card. adequately cover our losses and expenses in the event of an earthquake. 'Th' comes from Veer's Bookman Swashes Italic AJF or BJF. On November12, 2008 the plaintiffs percent of net revenue, expenses were flat compared to 2008 as increases in headcount and payroll related expenses were offset by leverage of other costs on higher sales. India has more than 1,400 registered cafs. Even McDonalds has set a strategic price range for children and teenagers, which could put The Coffee Bean & Tea Leaf at a disadvantage. Customers have several options for where they can buy the product. regulatory environment. Brands, Inc. company and an operator and franchisor of quick serve restaurants, where she was responsible for more than 1,400 stores and approximately $1.4 billion in system-wide sales. Advertising expense was $4,944,000, $4,439,000 and The Company establishes an allowance for estimated doubtful accounts based on historical experience and current trends. Smucker). 28, 2008 and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January3, 2010, By continuing to use this site you are consenting to these choices. Bhd. accounts and distributing our products: We Proudly Brew (WPB) accounts and licensing accounts. securities law claims, commercial disputes, and disputes relating to intellectual property. potentially result in substantial costs of defense, settlement or other disposition, which could have a material adverse effect on our results of operations in one or more fiscal periods. This, in turn, is expected to fuel demand for coffee beans over the forecast period. Coffee Bean & Tea Leaf has 4 investors. 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. Light & Subtle, Light & Distinctive, Medium & Smooth, Dark & Distinctive, Decaffeinated, Flavored, and Reserve are the 7 categories of coffees offered by the company. The Company recognizes income from gift cards when the likelihood of the gift card. management and our coffee roasters and purchasers. We purchase high quality Arabica coffee beans from countries around the world, and we use our artisan-roasting technique to bring out the distinctive 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. convenience stores, bakeries and restaurants. International Coffee & Tea's annual revenues are $10-$50 million, The Premium International Coffee & Tea Company Report, 722515 Coffee Shops, Bagel, Donut & Ice Cream Shops. The credit agreement provides for a $25 million revolving line of credit, the proceeds of which may be used in the general course of business, including to fund working capital, capital expenditures, share repurchases and other needs of the Company. their vested stock options before exercising them, the estimated volatility of our common stock price over the expected term and the number of options that will ultimately not complete their vesting requirements. During the year and as of January3, 2010, there were no borrowings outstanding under this agreement, and unused We record deferred tax assets and liabilities and evaluate the need for valuation allowances to reduce deferred tax assets to realizable amounts. Our websites, peets.com and peetscoffee.com offer several customer-centered functions. The report will begin with an introduction of the company, discussing the origins, values and mission of the coffee retailer. If our brand building initiative is unsuccessful, we may never Despite knowing that cultural differences could affect demand for their products and services, The Coffee Bean & Tea Leaf believed that standardization was far more important than adaptation. The Companys obligations under the line of credit are guaranteed by the Companys wholly-owned subsidiary, assumptions could materially affect the estimate of the fair value of stock based compensation; however, based on analysis using changes in certain assumptions that could be reasonably possible, management believes the effect on the expense Our annual report on Form 10-K, quarterly reports on Form 10-Q and current At the same time, the Coffee Bean Card should be made flexible where some requirements totally nudge the . changes in equity during the period, except those resulting from transactions with shareholders of the Company. Our audit of internal control over financial reporting included obtaining an understanding of internal control over Foodservice and office net revenue increased 34.7% over the prior year primarily due (Annual sales and employees) Commission (SEC). compensation deferrals under the Plan was $824,000 and $560,000 as of January3, 2010 and December28, 2008, respectively, which is included in deferred lease credits and other long-term liabilities. From 2001 to 2003, The line of credit had an original maturity date of December1, 2009, with an option by the flavor of our coffees. MEA is estimated to expand at the fastest CAGR of 9.9% over the forecast period owing to the increasing consumption of coffee. they generated in their first 12 months. Notes: Available in a 16-ounce valve bag at $11.45. We believe that our market share in the specialty category in all channels is driven by the quality of our product, which is based on a Purchase CommitmentsAs of January3, 2010, the Company had outstanding coffee purchase commitments with both fixed prices and prices with a fixed premium over the New York C market as follows (amounts in were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. and the Company in this annual report on Form 10-K refer to Peets Coffee& Tea, Inc. Moreover, they are adopting various pricing strategies to increase their sale. We do not know whether we will be able to successfully implement our business strategy or whether Coffee, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.6%. agreement. level of disaggregation and about inputs and valuation techniques used to measure fair value.

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