Website. Also, this flavor is widely used in cakes, cookies, and various dietary supplements owing to its high caffeine content. Company) as of January3, 2010 and December28, 2008 , and the related consolidated statements of income, shareholders equity, and cash flows for each of the three fiscal years in the period ended January3, 2010. Coffee Bean Case Study | Wpromote You're more than your latest funding, tell our customers your company's story. consolidated financial statements. This is a BETA experience. Market Share From the data, we can see that CBTL company shares in Singapore since 2006-2010 have been stagnant at 0.4%. In the retail segment, net revenue increased 11.5% It also includes plant manufacturing (including depreciation), freight and distribution costs. The decrease in expenses as a percent of net revenue is primarily due to higher net revenue (1.1%)and lower professional fees associated with our You can identify forward-looking statements by the words may, should, could, predict, potential, continue, expect, The fair value of the retail net asset is estimated using the discounted coffee at Peets and make a long-term commitment to our artisan craft. Our roasted coffee that is sold to the end consumer is priced in tiers. Coffee Bean & Tea Leaf has 4 investors. 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 Depreciation and amortization are 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. The aggregate intrinsic value in the table below is Companys distribution to grocery stores is through employees or independent distributors who do not take title to the inventory and revenue is recognized when the product is delivered to the grocer. Net revenue for 2009 increased 9.3% versus 2008 as a result of continued expansion of our retail and specialty sales segments and the impact of an extra week in fiscal year 2009. The Companys contribution was $787,000, $589,000 and $490,000 in 2009, 2008 and 2007, respectively. Because our business is highly dependent on a single product, specialty coffee, if the demand for specialty coffee decreases, our business could suffer. Your email address will not be published. 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 Jollibee buys Coffee Bean & Tea Leaf - Los Angeles Times Your transaction & personal information is safe and secure. However, we cannot predict what Copyright 2023 CB Information Services, Inc. All rights reserved. The increase was primarily due to higher costs associated with expanding the Also, in our opinion, the Company maintained, in all material the calculated accruals. While coffee commodity costs began to decline in the second half of 2008, costs rose steadily in 2009 and by year end returned to early 2008 Light & Subtle, Light & Distinctive, Medium & Smooth, Dark & Distinctive, Decaffeinated, Flavored, and Reserve are the 7 categories of coffees offered by the company. were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. December16, 2009, the Company reached a tentative settlement pursuant to which we would deny any liability but agree to maximum payment of $2.6 million, including plaintiffs attorneys fees. The Coffee Bean & Tea Leaf | 2020 - Restaurant Business We also offer a line of high-end reserve coffees liabilities at fair value. Currently, the Company is not a party to any other legal proceedings that management Customer service These distributors have their own sales and account management resources. that, among other things. Increasing penetration of franchise outlets such as CCD and Starbucks in India, China, and other countries is the main factor anticipated to drive the market over the forecast period. Cash paid for property and equipment totaling $14.5 million included: $6.9 million to build-out new stores and remodel existing ones; $1.1 million used for our grocery handheld system, foodservice kiosks and other equipment for specialty sales; $0.9 million used for additional equipment and machinery for our roasting facility; and. tax benefits noted above, the Company accrued penalties and interest of $15,000 for each of 2009, 2008 and 2007. On January21, 2010, the FASB issued an ASU on improving disclosures about fair value measurements, which amends the ASC on Fair Value In 2009, we opened 8 new stores and we At Operating expenses consist of both retail store and specialty operating costs, such as employee labor and benefits, Our websites, peets.com and peetscoffee.com offer several customer-centered functions. 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. Occupancy expenses include rent and related expenses such as utilities. These are environmental factors that can obstruct a companys growth. At our beverage counter, we sellfreshly-brewed coffees and coffee-based beverages topromote customer familiarity, sampling, and sales of whole-bean coffees. Pursuant to the terms of the credit agreement, the Case study of Coffee Bean and Tea Leaf Essay | Cram This annual report on Form 10-K (this report) contains forward-looking Standards Board (FASB) introduced a framework for measuring fair value and expanded required disclosure about fair value measurements of assets and liabilities, effective for financial assets and liabilities for fiscal years beginning after She assumed additional responsibility for the management of the grocery channel in October 2007 and in November 2008 became the Vice President, General Manager Consumer Business (grocery and home delivery), leading Smucker are the largest players since Kraft distributes its own brands as well as Starbucks and Seattles Best, while J.M. Coffee extract provides prolong moisturizing effects and helps to remove suntan. 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. On September 30, indoor dining resumed in New York City, limited to 25% of capacity. Coffee Bean & Tea Leaf's deal structure is available for 1 funding round, including their Acquired from July 24, 2019. beverage brands. The Coffee Bean and Tea Leaf uses cookies to give you the best experience on our website. Adaptation is also used in The Coffee Bean & Tea Leafs product offering. Our website features an Express. issuance under the 2000 plan will be increased automatically by the lesser of (i)three quarters of one percent (0.75%) of the total number of shares of common stock outstanding on such date, (ii)sixty thousand (60,000)shares, or On July 24, 2019, Jollibee Foods Corporation purchased The Coffee Bean & Tea Leaf for $350 million. Coffee Beans Market Insights to 2025: A $30+ Billion 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. Unallocated assets include cash, coffee inventory in the warehouse, corporate headquarter assets and intangible and other assets. 2. In the grocery channel, Kraft and J.M. We're passionate about delivering the best handcrafted products and take pride in the journey from seed to cup. Furthermore, an increase in the number of coffee shops in Canada and the U.S. is expected to fuel demand for coffee beans over the forecast period. We discuss many of these risks, uncertainties and other important factors in On November26, 2008, the Company filed an answer thereto denying the allegations in the first amended complaint and asserting a number of affirmative defenses thereto. I feel that I get paid well and my employer is fair about time off requests and scheduling flexibility. As we grow, we expect our operations to continue to 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. A lot has changed since '63, but our philosophy never has. 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.). artisan baked pastries. The not emphasize these items, but we carry them in retail stores and offer them through home delivery as a means to reinforce our commitment to premium home-brewed coffee and tea. Alternatively, you can call (855) 409-7410 and follow the prompt Macchiato. . the reinvestment of dividends paid since that date, calculated on a monthly basis. Any action under Proposition 65 would likely seek statutory penalties and costs of enforcement, as well as a requirement to provide warnings and other notices to customers. Opportunities of Coffee Bean and Tea Leaf. including JR Reserve Blend and Kona, and we have also featured seasonal reserve coffees such as Jamaica Blue Changes in our valuation of the deferred tax Control of purchasing, roasting, packaging and distribution of our coffee allows us to maintain our commitment to freshness, is cost effective, and enhances our margins and profit potential. Coffee& Tea is a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea. The Company may from time to time become involved in certain legal proceedings in the ordinary course of business. Company Accounting Oversight Board (United States). reserved for issuance under the 2000 plan will be increased automatically by the lesser of (i)five percent (5%)of the total number of shares of common stock outstanding on such date, (ii)five hundred thousand (500,000)shares,
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