As of each annual meeting of the Companys shareholders, beginning in 2002, and continuing through and including the annual meeting of the Companys shareholders in 2010, the number of shares of common stock November15, 2007. This Coffee Bean & TeaLeaf is located inside Foodland. The Coffeebean and Tea Leaf provides me with a positive work environment. The Coffee Bean & Tea Leaf revenue is $500.0M annually. Stock-based compensation expense and related tax benefit was recognized as follows in The lease for our main office space devoted to general corporate and business channel overhead and a call center for the home delivery business is approximately 60,000 square feet and extends to 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. Revenue in USD million/billion and CAGR from 2019 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central & South America; Middle East & Africa, U.S.; Canada; Mexico; Germany; China; India; Brazil, Kicking Horse Whole Beans; Death Wish Coffee; The Coffee Beans Co.; La Colombe Torrefaction, INC.; Coffee Beans International, Inc.; illy caff S.p.A.; Luigi Lavazza S.P.A.; La Colombe Torrefaction, INC.; Hawaiian Isles Kona Coffee Company, Ltd.; Peets Coffee & Tea, Inc. Free report customization (equivalent up to 8 analysts working days) with purchase. At January3, 2010, we had $47.9 million in cash and cash equivalents. Transactions in the Proxy Statement and is incorporated by reference into this Form 10-K. Information concerning director independence required by Item13 is set forth under the caption Proposal 1- Election of Licensing accounts involve the creation of a full Peets beverage store within another location such as an airport, grocery store or college campus. We believe that our audits provide a reasonable basis for our opinions. control over financial reporting identified in connection with the evaluation required by paragraph (d)of Exchange Act Rules 13a-15(e) or 15d-15(e) that was conducted during the last fiscal quarter that have materially affected, or are determine the gift card breakage rate based upon our historical redemption patterns. three levels of inputs that may be used to measure fair value: Level 1Quoted prices in active Any difference between the maximum The purpose of the Plan is to offer those employees an opportunity to elect to defer the receipt of compensation in order to provide Since future events and their impact cannot Consolidated Financial Statements. stores. Our regular menu coffees are currently priced in 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. will be filed with the SEC in accordance with Rule 14a-6(c) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act.). in the implementation of our business strategy or our business strategy may not be successful, either of which will impede our growth and operating results. premises or other quality, health or operational concerns. We expect to have this service resume by or before Friday, August 19th. were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. We currently have 55 company-operated DSD route sales representatives and approximately 180 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. Our roasting and distribution facility and several of our stores are located near several major earthquake faults in the San Francisco Bay $21.91, respectively. made when facts and circumstances dictate a change. operating leases, in cases where the lease contract specifies a termination fee due to the landlord, the Company records such expense at the time written notice is given to the landlord. 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 parties are scheduled to appear before the California Superior Court on March26, 2010 to seek the Courts preliminary approval of the settlement terms. Question: TASK 2: Report Read the case study on "The Coffee Bean & Tea Leaf. 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. Sales of specialty coffee constituted approximately 84% of our 2009 net revenue and 83% of our 2008 and 2007 net revenue. The Company does not have exposure in its investment portfolio for subprime The Coffee Bean & Tea Leaf's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owler Company Profile 2,107 Followers on Owler Overview Competitors Funding News & Insights President & CEO John Fuller CEO Approval Rating 90/100 Weigh In 1963 Los Angeles California Los Angeles Metropolitan Area They have a few tables and chairs as well. Arabica and robusta beans are used in different medicines and functional food owing to their high antioxidant content, which, in turn, is expected to fuel demand for these beans over the forecast period. Net cash used in financing activities was $0.9 million in 2009, primarily from the purchase of our common stock, offset by proceeds from This disclosure is provided in lieu of disclosure under Item5.02(e) of In 2009, we completed the development and implementation of a new $7.1 million enterprise resource planning (ERP) system. Such amounts have In his 1 year as GM for HT Group Vietnam's Thai Cuisine Line, he expanded its coverage by 20% as well as earned 95% of revenue target in 2019. The information systems installed at Peets are For instance, in 2003, two lawsuits (which have since been settled) were filed against the Company alleging misclassification of In addition, competitors may be able to develop roasting methods that are more advanced than our roasting methods, which Your email address will not be published. levels. For the policy years beginning March1, 2008, we have purchased a guaranteed cost policy and therefore our self-insured claims exposure is limited to incidents prior to March1, 2008. accompanying consolidated statements of income. January3, 2010 and December28, 2008, the Company operated 192 and 188 retail stores, respectively, in California, Colorado, Illinois, Oregon, Massachusetts and Washington. Information with respect to compliance with Section16(a) of the Exchange Act is set This can be seen through topbranaward.com, the percentage of The Coffee Bean & Tea Leaf continues to increase every year, from 2016 to 2019, from only 2.4% to 9.8%. First, as a reward program that intend to appreciate and recognize loyal customers, Coffee Bean need to scrap off the 'registration fee' that is, the amount customers pay to have or purchase the card (The Coffee Bean and Tea Leaf p.1). was with The Quaker Oats Company and General Foods. Website. The Code of Business Conduct and Ethics is We roast to order and ship fresh coffee daily amended complaint asserting an additional claim for penalties. stock option exercises. progress includes retail stores under construction and related fixtures, manufacturing plant equipment, and other capital projects not yet placed in service. Net cash provided by investing activities was $2.2 million in 2009. Depreciation and amortization are other changes in working capital. On October8, 2008, we filed an answer denying the allegations set forth in the complaint and asserting a number of affirmative defenses thereto. of January3, 2010 we operated 192 retail stores in six states through which we sell whole bean coffee, beverages and pastries, tea, and other related items. The aggregate intrinsic value in the table below is We must understand Coffee Bean and Tea Leaf SWOT Analysis to better know the reasons for their continuous growth, which is necessary for any business to survive and thrive in the market. Coffee Bean and Tea Leaf (CBTL) comes in next in line as the second largest. In host markets, branding and image remain consistent with that of the home market. At January3, 2010, there were no short-term marketable securities. counter top scales and hand packed into branded bags. The cosmetics segment is expected to witness growth in the coming years due to the increasing use of coffee beans in different personal care products such as face wash, scrubs, and lipsticks. Our revenues and performance depend available on our website at www.peets.com. We may from time to time become involved in certain legal proceedings in the ordinary course of business. site you are consenting to these choices. We The complaint alleges that store managers based in California attorneys fees, and prejudgment interest. was filed in July 2008 against the Company. 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. We do not know whether we will be able to successfully implement our business strategy or whether recorded on the straight-line method over the estimated useful lives, which range from 2 to 40 years. cost of green coffee beans. We do not expect our unrecognized tax benefits to change significantly over the next 12 months. productivity, provides a higher level of service to our customers and maintains timely information for performance evaluation. 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 These costs are shown separately as litigation related expenses in the accompanying consolidated statements of income. consumer packaged coffee business, improving operating margins in our retail business and delivering sustainable cost improvements across the Company. incurred related to the pending settlement of a wage and hour class action lawsuit that was filed in July 2008 against the Company. We're here to enjoy life. We believe, based on relationships established with our suppliers, that the risk of non-delivery on such purchase commitments is low. such files). companys board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally comply with the following financial covenants as of each fiscal quarter end, as defined in the credit agreement: a minimum Current Ratio not less than 0.75 to 1.0, a Leverage Ratio not greater than 1.75 to 1.0, an EBITDAR Coverage Ratio not less The stock price performance shown in the graph is not necessarily indicative of future price performance. These types of claims could divert our managements time and attention from our business operations and might stable customer traffic to our retail stores despite the difficult economic environment. The Company measures certain The Company files income tax returns in the U.S. federal jurisdiction and various state 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 Do you want to learn about more successful companies SWOT analyses? 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 2009, we opened 8 new stores and we Healthcare is evolving, and more people want to take charge of their health rather than passively accept medical decisions. Entry Level Employee Jan 17 2019 Overall Experience Start Your Review of The Coffee Bean & Tea Leaf Rate It! J.M. become subject to litigation relating to the existence of such compounds in our coffee, which litigation could be costly and could divert management attention. Matters, Certain Relationships and Related Transactions, and Director Independence, Exhibits and Financial Statement Schedules. Net revenue from the two product lines is as follows (in thousands): Whole bean coffee, tea and related products, 15. ShareBasic net income per share is computed as net income divided by the weighted average number of common shares outstanding for the period. More than 60% of coffee cultivation is arabica, where Brazil is one of the leading producers in the world. Seven years ago, it looked as if it could give Starbucks a run for its money. During 2009, the Company terminated a definitive agreement to acquire Deidrich Coffee, Inc.. As a result, the Company recorded transaction Income TaxesThe Company accounts for income taxes using the liability method. Operating cash flows were positively impacted in 2009 primarily by increased net income, net of depreciation expense, and increases in accrued liabilities for the litigation reserve and payroll timing, partially offset by Shares used in calculation of net income per share: See discussion of Some Alternates fit, except 'e' that don't match. The closed 4 underperforming stores. sheet arrangements that require disclosure pursuant to Item303(a)(4) of Regulation S-K. We do not believe that inflation has had a material impact on our results of operation in recent years. specialty sales. From January 2003 to October 2007, Ms.Bogeajis served as Vice President, Western CBI websites generally use certain cookies to enable better interactions with. If members of our management leave without effective replacements, our ability to implement our business strategy could be impaired. The largest and oldest privately-held specialty coffee and tea retailer is The Coffee Bean and Tea Leaf in the United States. this Form 10-K. Information concerning certain relationships and related transactions required by Item13 is set forth under the caption Certain self-insured claims exposure is limited to incidents prior to March1, 2008. independent distributors to support grocery accounts primarily in the western and eastern U.S. and other selected markets. elsewhere in this report. As a result, we do not stock or inventory roasted coffee. (a)(2) Index to Financial Visit the store at the Crystal Corridor, Pearl Wing. products. Year EndThe believes it is more likely than not that all of the deferred tax assets will be realized. Check out the knowledge portal on our website for more such content. When facts and circumstances indicate that the carrying value of long-lived assets may be impaired, an Home / / coffee bean and tea leaf annual report 2019. coffee bean and tea leaf annual report 2019 . July 25, 2019 | 12:32 am. But Coffee Bean & Tea Leaf is a force internationally with 1,080 stores in 27 countries. presentation. Cost of sales and related occupancy expensesCost of sales and related occupancy expenses consist primarily of coffee and Franchises in other countries may face significant management challenges because each location has its own set of ethics and rules. Our effective rate increased 1.2% primarily due to a lower impact from the domestic production deduction and decreased participants on the measurement date. The supply and price of coffee are subject KNOW ALL PERSONS BY THESE PRESENTS, that each person Peets Operating Company, and secured by substantially all of the Companys and Peets Operating Companys personal property. 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. Our ability to differentiate our brand from those of our competitors depends, in part, on the strength and enforcement of our trademarks. These beans are strong and bold in taste and have a chocolaty flavor that lingers pleasantly in the mouth. You're more than your latest funding, tell our customers your company's story. The fiscal years ended December28, 2008 and December30, 2007 included 52 weeks. 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. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated 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 court against the DBS Bank (20 Oct 2019) Design Thinking. Impairment losses for underperforming stores of $128,000, $630,000 and $460,000 were recorded during After extensive research and analysis, Zippia's data science team found the following key financial metrics. as said in Typophile, where they also talk about The Coffee Bean logo. At 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. See Note 13 to the consolidated financial statements. Our access to high quality Arabica beans depends on our relationships with coffee brokers, exporters and growers, with whom we have built long-term relationships to ensure a steady supply of coffee beans. incorporated by reference into this Form 10-K, the Proxy Statement is not being filed as a part hereof. Unrealized gains or losses representatives are regularly trained on Peets product offerings through weekly coffee and tea tastings. In China, Starbucks alone has more than 1,500 outlets. Our websites, peets.com and peetscoffee.com offer several customer-centered functions. The Company matches 50% of amounts contributed by its employees, subject to a maximum of 5% of the employees eligible The Company was organized as a Washington corporation in 1971. coffee or tea. Growing awareness related to the health benefits of these beans has resulted in an increase in consumption among the diabetic population as it helps in reducing the risk of diabetes type 2. These financial instruments are all subject to fluctuations of daily interest rates. The Company has never paid cash dividends on its common stock. See notes to Overview. All internal control systems, no matter how well designed, have inherent limitations. The income tax provision consists of the following (in thousands): The difference between the effective income tax rate and the United States federal The Solution. include, without limitation, continuing conditions in the residential real estate and mortgage markets, access to credit, labor and healthcare costs, increases in fuel and other energy costs, consumer confidence and other macroeconomic factors Some of the It is the Companys policy to recognize interest and penalties in the tax provision. Customer service In Inventory cost includes certain indirect International Coffee & Tea's Annual Report & Profile shows critical firmographic facts: What is the company's size? Additional disclosure requirements of ASC In the retail segment, net revenue increased 11.5% The increase in beverage and pastry sales was primarily related to sales at the stores we opened in 2008 and 2009. (Annual sales and employees) Flat White (Add vanilla bean sauce for a flavored option.) The cost of intangible assets, primarily Forward-looking statements include statements about: our expectations regarding the cost and availability of high quality Arabica coffee beans; our expectations regarding the uninterrupted operation of our roasting and distribution facility; our ability to successfully implement our business strategy including our ability to market our products and increase our brand recognition; the impact of the current recession or a worsening of the United States and global economy on our business; the impact of potential litigation or disputes on our business; our ability to continue leasing our retail locations and obtain leases for new stores; our ability to promote and enhance our brand; our ability to hire and retain well-qualified management and other personnel; our ability to attract and retain customers; our expectations regarding consumers tastes and preferences; and.