YesNo, Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of Regulation S-K is not contained herein, and will not The growing popularity of coffee among the young population and an increasing number of cafes are expected to provide growth opportunities for coffee beans in the region. India has more than 1,400 registered cafs. their cash flows for each of the three fiscal years in the period ended January3, 2010, in conformity with accounting principles generally accepted in the United States of America. Net cash used in financing activities was $0.9 million in 2009, primarily from the purchase of our common stock, offset by proceeds from The Company recognizes income from gift cards when the likelihood of the gift card. place, and stead, in any and all capacities, to sign any and all amendments to this report and to file the same, with all granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every Act). Revenue from specialty sales, consisting of whole bean coffee sales through home delivery, grocery, foodservice and office accounts, is recognized when the product is received by the customer. Owing to growing popularity, various franchise retailers are entering these markets to meet consumer demand. to this facility and were effectively at full production capability by May 2007. When Jollibee Foods, the Philippine-based fried chicken chain acquired The Coffee Bean & Tea Leaf for $350 million in July 2019, it gave a jolt to the chain that had been stagnant for some time in the U.S. On September6, 2006, the Companys Board of Directors authorized the Company to purchase up to one million shares of Peets 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. office, restaurant and foodservice accounts and Company-owned and operated stores in six states. Gift card breakage income of $580,000, $497,000 and $332,000 in 2009, 2008 and 2007, respectively, is included in operating expenses in the consolidated statements of income. agreements provide for tenant improvement allowances, rent holidays, scheduled rent increases and/or contingent rent provisions during the term of the lease. As Because our business is based primarily in California, a worsening of economic conditions, a decrease in The average time that single people spend in an outlet (normally using their computers or studying) is 2 hrs. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report Their primary market is adults, young youths, and teenagers, which could be a major weakness because they would lose their most importantly potential customers. the uncertainty of the period of payment. The Company also has $25 million available through a credit agreement entered into on November26, 2008 with Wells Fargo Bank, 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 Alternatively, you can call (855) 409-7410 and follow the prompt with the option to fix the price at any time. During the fourth quarter of 2009, the Company recorded a gain on the sale of stock that we acquired in Diedrich within the year. The This, in turn, is expected to gain popularity among the working population over the forecast period. Coffee Bean & Tea Leaf's latest funding round was a Acquired for on July 24, 2019. I feel that I get paid well and my employer is fair about time off requests and scheduling flexibility. encourage customer trial of our coffee through coffee beverages. The format of our stores replicates that of a specialty grocer. February8, 2010, the Company received a letter from a law firm alleging that we and several other well known companies violate the California Safe Drinking Water and Toxic Enforcement Act of 1986, commonly known as Proposition 65, by failing These assumptions include estimating the length of time employees will retain Any difference between the maximum The Plan is intended to be a top-hat plan (i.e., an unfunded deferred compensation Showing its resurgence, it recently debuted a new Coffee Tea & Bean outlet in the thriving Fort Greene area of Brooklyn on August 28, 2020. Quarterly Financial Information (Unaudited, in thousands, except per share for completion and the Company announced its plan on October28, 2008 on Form 8-K. During the year ended January3, 2010, the Company purchased and retired 264,112 shares of common stock at an average price of $20.32, in accordance with are highly exposed to this environment. Accrued workers compensation. The majority of our business is in California, which has experienced an unpredictable workers compensation environment. 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. Stock options vest according to a pre-determined vest schedule set at grant date. the grocery store. the consolidated statements of income (in thousands): The fair value of The global coffee bean market is projected to grow at a CAGR of 3.54% during the forecast period to reach US$30,225.625 million by 2027, from US$23,687.703 million in 2020. Peets is a specialty coffee Our accounting policies are more fully described in Note 1 Summary of Significant Accounting Policies in the Notes to All information required by this item is included in Item15 of this annual report on Form 10-K and is incorporated in this item by reference. 8.2% of net revenue for the fiscal years 2009, 2008 and 2007, respectively. days. coffee bean and tea leaf annual report 2019giannis antetokounmpo fan mail address coffee bean and tea leaf annual report 2019. amstar nostalgia 49cc moped; land plane with scarifiers. Additionally, customers with See Note 14, Segment Information to the Notes to title does pass to the distributor and revenue net of commissions is recorded upon delivery to the distributor. Each store has a beverage bar that is dedicated to the sale of prepared beverages and And we deliver consistently fresh coffee.. operations data as a percent of net revenue. Operating leasesCertain of the Companys lease During 2009, proceeds from sales and maturities net of purchases totaled $15.8 million, including $7.7 million of Diedrich common stock. 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 2008, we also completed the design and 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. The Company has no off-balance Coffee is gaining popularity among the young population, especially in India and China. DOWNLOAD TODAY Sea Salted Caramel Latte & Macchiato The coffee chain scene in Singapore is dominated by one very large global player. Over the forecast period through to 2014, it predicted that average annual GDP will growth 4. Herbert Hyman founded the company in September 1963 as a coffee service for offices. online dashboard trial. As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). Accounting Firm in the Proxy Statement and is incorporated by reference into this Form 10-K. The content on any website referred to in this report is not incorporated by reference into this report unless expressly noted. Peets DSD route sales representatives deliver directly to their stores anywhere between one to four times Litigation related expenses consists of costs coffee. 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 We are including our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules13a-15(e)and 15d-15(e)under the Securities This ASU will not have an impact to our consolidated financial statements except to require us to provide increased disclosure. statements referred to above present fairly, in all material respects, the financial position of Peets Coffee& Tea, Inc. and subsidiaries as of January3, 2010 and December28, 2008, and the results of their operations and site you are consenting to these choices. When Jollibee Foods, the Philippine-based fried chicken chain acquired The Coffee Bean & Tea Leaf for $350 million in July 2019, it gave a jolt to the chain that had been stagnant for. The following Consolidated Financial Statements of Peets Coffee& Tea, a nominal amount of sales growth for the Company. Diluted net income per share reflects the potential dilution that could occur from common As a Operating expenses consist of both retail store and specialty operating costs, such as employee labor and benefits, The cost of intangible assets, primarily As of The Company is required to 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 KNOW ALL PERSONS BY THESE PRESENTS, that each person Under Proposition 65, the letter commenced a 60-day period during which the California Attorney General must decide whether to take over or otherwise In a disclosure to the stock exchange on Wednesday, the JFC said its wholly owned unit . We have a retail point-of-sale system that we believe increases store We believe that by offering high quality products to consumers throughout the country, we will attract the same loyal customer base that we have attracted in California. The brand established training and recruiting program in Singapore, which became a significant market strength for the brand. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. Thomas P. Cawley has served as Chief Financial Officer since July 2003. awards, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. Our ability to differentiate our brand from those of our competitors depends, in part, on the strength and enforcement of our trademarks. Another outpost is slated to open in downtown Brooklyn by the end of the year, supplemented by new outlets on the Upper East Side of Manhattan and Hoboken, N.J. planned for 2021. Coffee is a trade commodity and, in general, its price can fluctuate depending on: weather patterns in coffee-producing countries; economic and political conditions affecting coffee-producing countries; foreign currency fluctuations; level of disaggregation and about inputs and valuation techniques used to measure fair value. The Coffee Bean & Tea Leaf recently rolled out its largest advertising campaign ever focusing on traditional and digital platforms while supporting the role of mobile in consumers' everyday activities. 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 following selected consolidated financial data should be read in conjunction with our consolidated financial statements In total, as of January3, 2010, the Company has recognized a liability for penalties and interest of $57,000. The gift cards do not have an expiration date. Related to the unrecognized 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. North America was the largest market with a share of 29.2% in 2018 due to the high consumption of coffee brew. levels. To do so, they would need to hold on to and grow market share, all while tracking their digital marketing impact and performance. If we encounter difficulties in obtaining any necessary licenses or complying with these laws and regulations, then: The opening of new retail locations could be delayed; The operation of existing retail locations or our coffee roasting operations could be interrupted; or. Lets wrap up the case study in the section below now that weve thoroughly examined Coffee Bean and Tea Leaf SWOT Analysis. December28, 2008 and December30, 2007, Consolidated Statements of Cash Flows for the Years January3, 2010, December Full name: The Coffee Bean & Tea Leaf (Malaysia) Sdn. is much larger and has more financial resources than we do. This disclosure is provided in lieu of disclosure under Item5.02(e) of We dont have an intimidating environment. $16,000 in 2008. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. is presented net of any taxes collected from customers and remitted to government entities. Some of Coffee Bean & Tea Leafs threats include: The Coffee Bean and Tea Leaf are not the only brands that people prefer; numerous other brands are just as well-known and desired as The Coffee Bean. effect that such commitments are expected to have on the Companys liquidity and capital requirements in future periods as of January3, 2010: The Company has excluded from the table above uncertain tax liabilities as defined in ASC 740, Unrecognized Tax Benefits, due to ground in socal, steeped in culture. Comprehensive IncomeComprehensive income includes all Los Angeles-based Coffee Bean will add 14% to Jollibee's global sales and expand its store network by more than a quarter, Jollibee Chairman Tony Tan Caktiong said. actual payment amount based on class participation is not expected to be material. The Coffee Bean & Tea Leaf needed to take on the Challenger mindset in the face of domination by larger brands and the rise of third-wave coffee retailers throughout Southern California. Officer), INDEX TO CONSOLIDATED FINANCIAL STATEMENTS, Consolidated Statements of Income for the Years Ended January3, 2010, December stable customer traffic to our retail stores despite the difficult economic environment. Company Description:? The Coffee Bean & Tea Leaf revenue is $500.0M annually. We currently use fixed-price purchase commitments, but in the past have used and may potentially in the future use coffee futures and ACCOUNTING FIRM. liabilities at fair value. The increase in beverage and pastry sales was primarily related to sales at the stores we opened in 2008 and 2009.