You're more than your latest funding, tell our customers your company's story. In addition, green coffee bean prices have been affected in the past, and may be affected in the 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. The Company is subject to periodic audits by the Internal Revenue Service and other state and local taxing authorities. The Company maintains liabilities based on historical experience and managements judgment at the thousands): Legal ProceedingsOn July14, He describes its three keys to future success as: 1) finding the right locations with a good flow of customer traffic, 2) ensuring the franchise is profitable and sustainable from day one, 3) maintaining a high standard of operations including focusing on guest experience and exemplary taste. Accrued workers compensation. terms are included in the straight-line computation. 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. Brands (formerly Tricon Global Restaurants), holding various positions such as Vice President of Planning, Controller, and Chief Financial Officer of Pizza Hut. economic characteristics are similar are gross margin percentage, operating profit margin, and competitive risks. Actual results could differ from those estimates. Unallocated assets include cash, coffee inventory in the warehouse, corporate headquarter assets and intangible and other assets. 1728 Words. headquarters are located in Emeryville, California. 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. Board of Directors and Shareholders of Peets Coffee& Tea, Inc.: We have audited the accompanying consolidated balance sheets of Peets Coffee& Tea, Inc. and subsidiaries (the Operations for Taco Bell Corporation, a Yum! Report Name: Coffee Annual - USDA Foreign Agricultural Service 28, 2008, and December30, 2007, REPORT OF INDEPENDENT REGISTERED PUBLIC Our roasted coffee that is sold to the end consumer is priced in tiers. 403. We believe our application of accounting policies, and the estimates inherently required therein, are reasonable. 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. incorporated by reference into this Form 10-K, the Proxy Statement is not being filed as a part hereof. In cases where terms, including termination fees, are yet to This, in turn, is expected to fuel demand for coffee beans over the forecast period. Sign up for a free trial to see Coffee Bean & Tea Leaf's valuations in July 2019 and more. Customers have several options for where they can buy the product. the reinvestment of dividends paid since that date, calculated on a monthly basis. Kapolei, HI. UX Case study: Coffee Bean and Tea Leaf addressing - Medium "The quality of research they have done for us has been excellent.". transactions off the market. more mainstream brands as Maxwell House (Kraft) and Folgers (J.M. In the specialty sales segment, net revenue increased 13.4% compared to 2008, or 11.4% without the 53 entire target bonus would be cash-based. ASC 820, Fair Value Measurements and Disclosures, The Coffeebean and Tea Leaf provides me with a positive work environment. The following documents are filed as part of this Form 10-K. (a)(1) Index to but allows for subleasing, the Company estimates the fair value of any sublease income that can be generated from the location and expenses the present value of the excess of remaining lease payments to the landlord over the projected sublease 2008, the Company maintained marketable securities classified as available-for-sale as follows (in thousands). Gift CardsThe Company sells gift cards in its retail stores and through its We invest in U.S. government, agency, municipal and Comparison of Starbucks with The Coffee Bean & Tea Leaf. Effective January1, 2010, Now its working with franchiser Hudson River Coffee & Tea to grow the business across the metropolitan area. 2010, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $4.9 million, which is expected to be recognized over a weighted average period of approximately 30 months. Our brand building initiative involves The Coffee Bean & Tea Leaf has 12,000 employees, and the revenue per employee ratio is $41,666. Future minimum lease payments required under non-cancelable operating leases subsequent to January3, 2010 are as follows (amounts in thousands): Rent expense was $15,957,000, $14,513,000 and Legal fees of $128,000 were incurred in the third quarter of 2009. Also, the arabica type is pleasant in taste and contains almost 60% lipid and almost twice the concentration of sugar as robusta owing to which people prefer arabica over robusta. specific identification method. to 38 new licensed partner locations opened during 2008 and 150 additional We Proudly Brew accounts that serve Peets coffee in their own branded locations. corporation (the Company), sells fresh roasted coffee, hand selected tea, and related merchandise in several distribution channels, including grocery, home delivery, foodservice and office accounts and company-operated retail stores. A SWOT analysis is used to assess a companys strengths, weaknesses, opportunities, and threats. As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). The decrease from 2007 was primarily due to procurement savings (-0.7%), leverage of costs related to the roasting facility that opened in 2007 (-0.4%), and But Coffee Bean & Tea Leaf is a force internationally with 1,080 stores in 27 countries. coffee or tea. understood. In addition, successful complaints against our competitors may spur similar lawsuits against us. 'Th' comes from Veer's Bookman Swashes Italic AJF or BJF. Repairs and maintenance costs are expensed as incurred. In China, Starbucks alone has more than 1,500 outlets. 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. We believe that this growth will be fueled by continued consumer interest Securities registered pursuant to Section12(g) of the Act: Indicate by check mark whether the registrant is well-known, seasoned filer (as defined in Rule 405 under the Securities Unrealized gains or losses Kay L. Bogeajis has served as Vice President, Retail Operations since she joined the Company in October 2007. The Coffee Bean & Tea Leaf - Singapore 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. The Company also files in numerous state Commission. Use of EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in Our annual report on Form 10-K, quarterly reports on Form 10-Q and current 28, 2008, and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January Stock Option, Employee Purchase and Deferred Compensation Plans. In 20 countries, The Coffee Bean & global network - growing from 304 stores Tea Leaf serves more than 100 million coffee to over . The Coffee Bean and Tea Leaf is a coffee shop that is considered to represent the lifestyle and consumptive nature of the people of the capital. 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 Coffee Beans Market Insights to 2025: A $30+ Billion the year. Latte (Hot or icedask for vanilla bean sauce instead of powder.) Localized Strategy | Let's Make it Warm Again! Chile, China, the European Union, Hong Kong, Japan, Paraguay, Singapore, South Korea, Taiwan and Thailand. In either case, our business and operations could be adversely affected. Peets cards can check their balance as well as reload their card online. The Coffee Bean & Tea Leaf - American coffee chain . On Sales of whole bean and related products increased 11.5% to $168.5 million. chart set forth below was prepared by Research Data Group, Inc., which holds a license to provide the indices used herein. We have a retail point-of-sale system that we believe increases store The stock price performance shown in the graph is not necessarily indicative of future price performance. Coffee Bean and Tea Leaf (CBTL) comes in next in line as the second largest. Our stores are designed to facilitate the sale of fresh whole bean coffee and to encourage customer trial of our coffee through coffee beverages. available-for-sale and are recorded at fair value. Smucker), Seattles Best (Starbucks), and Dunkin Donuts as well as numerous smaller, regional brands. The Coffee Bean & Tea Leaf Company Names Sanjiv Razdan President Of If we lost the services of our coffee roasters and purchasers, For instance, green coffee beans are consumed to reduce weight and improve metabolism. Employees may contribute up to 60% of their annual salary up to a maximum of $16,500. Competition in the specialty coffee category is fragmented among various distribution channels with the major roasters like Peets to foodservice operators, direct to consumers through websites and mail order, offices and other places where coffee is consumed or purchased for home consumption. We believe that our specialty sales can expand to geographies 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 We also offer a line of high-end reserve coffees Construction in The specialty coffee market generates most of its sales from coffeehouses that currently number over 25,000 in the United States, according to the National Coffee Association. In addition, we indirectly compete with Adverse publicity resulting from such allegations may materially adversely affect us, regardless of whether such allegations are true or whether we are ultimately held liable. a loyal customer base with strong brand awareness in California. Impairment of Long-Lived AssetsWhen facts and The Coffee Bean & Tea Leaf PH (@cbtlph) / Twitter The Official Facebook Page for The Coffee Bean & Tea Leaf Malaysia. impact our grocery business. Total unused borrowing capacity under the credit agreement was $25.0 million as of January3, 2010. Coffee Bean & Tea Leaf Acquired by Philippine Restaurant Group Jollibee Our regular menu coffees are currently priced in The Coffee Bean & Tea Leaf is followed by 49 members. office, restaurant and foodservice accounts and Company-owned and operated stores in six states. Under Proposition 65, the letter commenced a 60-day period during which the California Attorney General must decide whether to take over or otherwise stock option review and related litigation (0.5%), partially offset by increases in headcount (0.2%) and various professional services. For the next twelve months, we expect our cash flows from operations and cash and marketable securities to be sufficient for our operating available on our website at www.peets.com. Upon indication that the carrying values of such assets may not be recoverable, the Our responsibility is to express an opinion on these financial statements and an opinion on the Companys internal such files). As a Even McDonalds has set a strategic price range for children and teenagers, which could put The Coffee Bean & Tea Leaf at a disadvantage. Question: TASK 2: Report Read the case study on "The Coffee Bean & Tea Leaf. We do not believe there is a reasonable The Coffee Bean & Tea Leaf (abbreviated CBTL) is an American coffee shop chain. We expect the commodity market to continue to be volatile as worldwide demand, the strength of the dollar, and weather will believes it is more likely than not that all of the deferred tax assets will be realized. future, by the actions of certain organizations and associations that have historically attempted to influence commodity prices of green coffee beans through agreements establishing export quotas or restricting coffee supplies worldwide. 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. The purchase price of the common stock issuable under this plan is determined by the Board of Directors, 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. 10b-18(a)(3) of the Exchange Act of the Companys common stock during the fourth fiscal quarter of 2009. Level 3Unobservable inputs that are supported by little or no Historically, we have found our application of accounting policies to be appropriate, and actual results have not differed materially from those determined using necessary estimates. The exercise price of options granted will be equal to the fair market value of the common stock on the date of When ceasing operations under So, lets look at some of Coffee Bean & Tea Leafs major weaknesses: The master franchisees are not permitted to sub-franchise any of their outlets. From January 2003 to October 2007, Ms.Bogeajis served as Vice President, Western on marketable securities are recorded in accumulated other comprehensive income at each measurement date. cost of green coffee beans. Since future events and their impact cannot The Coffee Bean and Tea Leaf. be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.. 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 we considered necessary in the circumstances. Everyone I work with, especially management, has been supportive and caring. market price. We expect that our California operations will continue to generate a substantial portion of our revenue. We sell approximately 25 types of coffee as regular menu items, including approximately 14 blends and 11 single origin coffees such as Colombia, Guatemala, Sumatra and Kenya. Quote. See notes to 2010, there were approximately 354 registered holders of record of the Companys common stock. In the coffeehouse business, Starbucks is our primary competition, but we also compete with small single unit mom and pop coffee houses and products, spices, and packaged foods. 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. Operating expenses as a percent of net revenue for 2009 decreased 0.4% to 34.3%. health effects. percent of net revenue, cost of sales decreased from 46.9% in 2008 to 45.9% in 2009. Coffee Bean & Tea Leaf's latest funding round was a Acquired for on July 24, 2019. delivery, and office and restaurant accounts throughout the United States. We have no control over these common carriers and the services provided by them may be interrupted as a The license partner is responsible for the build-out and management of the unit and we provide (Annual sales and employees) The favorable workers compensation expense resulted Check out the knowledge portal on our website for more such content. LeasesThe Company leases its Emeryville, California administrative offices and its retail stores and fiscal year. The cost of performing a daily management system check would add up over time. information becomes available in the future. Information with respect to compliance with Section16(a) of the Exchange Act is set Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. Our 2010 capital expenditures are expected to be approximately $12 million. Blend, JR Reserve Blend, Major Dickasons Blend, Peetniks, Pride of the 2009) included 53 weeks and the fiscal years ended December28, 2008 (fiscal 2008) and December30, 2007 (fiscal 2007) included 52 weeks each. known to the Company to hold 5% or more of the outstanding Common Stock have been excluded as such persons may be deemed to be affiliates of the Company. tea. PDF The Effect of Dining Experience on Loyalty Intentions Mediated by In 2008, we also completed the design and The parties are scheduled to appear before the California Superior Court on March26, 2010 to seek the Courts preliminary approval of the settlement terms. Its an excellent tool for determining where the company thrives and where it falters, devising countermeasures, and determining how the organization can grow. restricted cash. Addition or alteration to country, regional & segment scope. and marketable securities and with operating cash flows. before applicable income taxes, based on the Companys closing stock price of $33.35 as of the last business day of the year, which would have been received by the optionees had all options been exercised on that date. However, we also recognize The Coffee Bean & Tea Leaf company, one of the world's leading roasters and retailers of specialty coffee and tea, announced today the addition of three new senior executives who will. Selected Consolidated Financial Data, the consolidated financial statements and accompanying notes Starbucks were not provided meal or rest periods, were not provided accurate wage statements and were not reimbursed for business expenses. Sales from beverages and pastries increased 16.0% to $133.8 million. By continued use, you agree to our privacy policy and accept our use of such cookies. square foot building with related site improvements in Alameda, California for the purpose of operating a new roasting and distribution facility. The coffee bean card. Although these actions have been dismissed, Peets could in the future become subject to other claims and litigation, which could involve, for example, If our Report Name: Coffee Annual Country: Colombia Post: Bogota Report Category: Coffee Prepared By: Lady Gomez Approved By: Benjamin Rau Report Highlights: Colombian coffee production is forecast to recover at 14.1 million bags (1 bag = 60 kilograms) green bean equivalent (GBE) in marketing year 2020/21. Revenue RecognitionNet revenue is recognized at the point of sale at our within Level 1 that are either directly or indirectly observable. For this study, Grand View Research has segmented the global coffee beans market report based on product, application, and region: Product Outlook (Revenue, USD Billion, 2015 - 2025), Application Outlook (Revenue, USD Billion, 2015 - 2025), Regional Outlook (Revenue, USD Billion, 2015 - 2025). Approximately $2.5 million is expected to be used for equipment and machinery to improve effectiveness and Our fiscal year is based on a 52 or 53 week year and ends on the Sunday closest to the last day in December. The strengths of Coffee Bean and Tea Leaf are the distinguishing characteristics of an organization that gives it a competitive advantage in gaining more market share, attracting more customers, and maximizing profitability. made when facts and circumstances dictate a change. Our audits also included performing such other procedures as We have dedicated information technology and marketing employees responsible for optimizing our e-commerce business and delivering digital marketing programs. As this matter is at a very early stage, Company-operated retail stores. This ASU will not have an impact to our consolidated financial statements except to require us to provide increased disclosure. Potential claims and litigation could have a material adverse effect on us. Consolidated Financial Statements, included elsewhere in this report. 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 YesNox, Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the channels. Jollibee Acquires Coffee Bean & Tea Leaf for $350M Income taxes. Under this method, deferred tax assets and There is no balance for closed store reserves as of December28, 2008. We expect cost of sales and related occupancy expenses as a percent of net revenue in 2010 to be comparable to 2009 as we anticipate increased prices for milk, slightly offset by lower coffee costs and by detected on a timely basis. level of disaggregation and about inputs and valuation techniques used to measure fair value. The Code of Business Conduct and Ethics is Peets Complaints or claims by current, former or prospective employees or governmental agencies could adversely affect us. 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. The content on any website referred to in this report is not incorporated by reference into this report unless expressly noted. The number of cafes is expected to increase in the coming years, which is expected to fuel demand for robusta and arabica beans over the forecast period. July 25, 2019 | 12:32 am. on Fair Value Measurements and Disclosures to add new requirements for disclosures about transfers into and out of Levels 1 and 2 and separate disclosures about purchases, sales, issuances, and settlements relating to Level 3 measurements. This impairment charge is included in operating expenses in the accompanying consolidated statements of income. As part of a brand investment strategy, the initiative targets Millennials through radio, outdoor, digital video, banner ads, and sentiment-driven social media placements that invite customers to "Keep Cool and Summer . commodities more or less attractive investment options. Officers of the Registrant.. Schedules are omitted because they are not applicable, not required or because the required The Coffee Bean & Tea Leaf Launches New Marketing Campaign In 2007, we tested a new inventory management system in our retail stores, which we implemented in all our stores in 2008. See Note 13, Commitments and Contingencies for further discussion. party & event essentials. The plaintiffs seek injunctive relief, monetary damages, penalties, costs and The Company has adopted the standard for those assets and liabilities as of the beginning of the 2008 fiscal year and the impact of adoption was not significant. the consolidated statements of income (in thousands): The fair value of Peak Revenue $500.0M (2022) Finally, in cases where the landlord does not allow the Company to prematurely exit its lease, Operating expensesOperating expenses consist of both retail store and specialty operating costs, such as employee labor The Coffee Bean & Tea Leaf | 2018 - Restaurant Business Management estimates the amount and timing of future cash flows based on its experience and knowledge of Coffee extract provides prolong moisturizing effects and helps to remove suntan. Learn more. Unlike roasted coffee beans, green coffee beans are not highly perishable. In Fair Value of Financial Instruments. There is a study about the consumer behavior between Starbucks and The Coffee Bean & Tea Leaf. As this matter is at a The pharmaceutical segment is estimated to be the fastest-growing segment, expanding at a CAGR of 10.3% over the forecast period. published tax guidance applicable to our operations. Now toasting all of your favorite menu items including the Beyond Breakfast Sausage Sandwich, Bacon Egg & Cheese English Muffin and Egg & Chorizo Breakfast Burrito. The Plan is intended to be a top-hat plan (i.e., an unfunded deferred compensation The marketing director back then downplayed the head-to-head competition, saying it didnt want to be on every single corner. The income at the cease-use date. 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 purposes. foreseeable future. Tenant improvement allowances are amortized as a reduction in rent expense over the term of the lease. People want to give up caffeine and live a healthier lifestyle, but decaffeinated coffee is still not widely accepted. stores. In October 2011, Jollibee acquired a 54% stake in BK Titans, Inc., the sole franchisee of Burger King in the Philippines. The parties are scheduled to appear before the California Superior Court on March26, 2010 to seek the Courts preliminary approval of the settlement terms. Growing demand for coffee vending machines at railway stations, airports, offices, and other places and increasing demand from the working population are anticipated to make a reasonable contribution to the market revenue. 1/18/2021. For the policy years beginning March 2002 through February 2008 our workers compensation insurance program Therefore our investment portfolio is exposed to market risk from these changes. gains or losses from the sale of these instruments. Interest income, net includes interest income and Demand for specialty coffee is affected by many factors, including: National, regional and local economic conditions; Perceived or actual health benefits or risks.

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