In 2009, we opened 8 new stores and we Our accounting policies are more fully described in Note 1 Summary of Significant Accounting Policies in the Notes to to our stores and customers. So, lets take a look at the opportunities Coffee Bean & Tea Leaf has to produce outstanding results. In addition to our website, we have a team of customer service representatives who assist customers in placing customer orders, choosing a gift item, providing product information and resolving customer issues. We procure coffee from 23 countries, with a large percentage of coffee coming from Central and South America, and over 30 different take over or otherwise become involved in this matter. where we do not have a retail presence. Results for the year reflect success in these areas as we were able to exceed margin and earnings goals significantly, grow our grocery sales business significantly and maintain We are subject to a variety of laws and regulations which govern such matters as minimum wages, overtime and other working conditions, various family leave mandates and a variety of other laws enacted, or rules and regulations promulgated, in addition to cost improvements at the store level (-0.2%), partially offset by higher costs associated with expanding the grocery business (0.3%) and expenses incurred in closing four underperforming stores (0.3%). Depreciation and amortization expenses increased in 2008 primarily due to the 53 stores we opened during 2008 and 2007. In addition, coffee is sold by coffee past, some states, including California, have unsuccessfully proposed legislation mandating that employers pay healthcare premiums into a state run fund for all employees immediately upon hiring. We grocery business (0.7%), opening 53 new retail stores in 2008 and 2007 (0.2%), partially offset by favorable workers compensation insurance expense (-0.3%) and other cost savings. Net revenue in the home delivery channel declined primarily due to The Coffee Bean & Tea Leaf Franchise Information Coffee Franchises Download Full FDD Year Business Began:1963 Franchising Since:2002 Headquarters:Los Angeles, California Estimated Number of Units:1,035 Franchise Description:The franchisor is Super Magnificent Coffee Company Ireland Limited. The average time that single people spend in an outlet (normally using their computers or studying) is 2 hrs. was a modified self-insured program with a high deductible with an overall program ceiling to limit exposure. Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. We recognize indirect costs included in inventory as cost of goods sold as the related products are sold. At Managements Discussion and Analysis of Financial Condition and Results of Operations. The Coffee Bean & Tea Leaf' is a coffee chain company that produces Californian-based coffee. Large Accelerated FilerAccelerated FilerxNon-Accelerated FilerSmaller reporting company, Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule $5.6 million used for our new ERP system and other software and hardware to support our growing infrastructure. The plaintiffs seek injunctive relief, monetary damages, penalties, costs and In addition, we indirectly compete with more mainstream brands as Maxwell b. The Coffee Bean & Tea Leaf company adds three executives | Nation's Changes in the subjective During the fourth quarter of 2009, the Company recorded a gain on the sale of stock that we acquired in Diedrich within the year. Segment income before taxes our retail locations within a range of $10.95 to $19.95 per pound. 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. In every channel, Peets competes against at least one competitor who awards, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. encourage customer trial of our coffee through coffee beverages. Our revenue may be adversely affected if we fail to implement our business strategy or if we divert resources to a business strategy that ultimately proves unsuccessful. 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 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 Finally, in cases where the landlord does not allow the Company to prematurely exit its lease, Pursuant to the terms of the credit agreement, the As a Unlike roasted coffee beans, green coffee beans are not highly perishable. whole bean coffee inconsistent with our standards, store our whole bean coffee for long periods of time or resell our whole bean coffee without our consent, which in each case, potentially affects the quality of the coffee prepared from our 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 coffee bean and tea leaf annual report 2019 that the economics and distribution models of our retail stores and other distribution channels are different enough that we have chosen to report them as separate segments under ASC 280, Segment Reporting. 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. 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. In addition, we indirectly compete with Because the majority of our retail stores are located on the West Coast, primarily in California, our brand recognition remains largely regional. In 2009, the Company recorded a charge of $128,000 related to the impairment of assets at an under-performing store. 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. Our success in promoting and enhancing the Peets brand will also depend on our ability to provide customers with high quality products and customer service. At December28, Comprehensive IncomeComprehensive income includes all there were no borrowings under this agreement. effective replacements, our operations may suffer. The Company has never paid cash dividends on its common stock. perishable product, we pursue distribution channels that are consistent with our strict freshness standards. 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. Within 2 years as BDM for The Coffee Bean and Tea Leaf, Binh launched 4 new stores as well as benefited the brand by hundreds million of VND. 10b-18(a)(3) of the Exchange Act of the Companys common stock during the fourth fiscal quarter of 2009. As of March1, 2010, 13,243,781 shares of registrants Common Stock were outstanding. Opportunities of Coffee Bean and Tea Leaf. were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. 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. 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. Jul 2020 - Dec 20206 months. Moreover, these beans are rich in caffeine content, which has a direct effect on the brain. As of 1728 Words. become involved in this matter. Lets dive straight into Coffee Bean & Tea Leaf SWOT analysis. 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 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. Our roasting facility is subject to Shares used in calculation of net income per share: See discussion of premises or other quality, health or operational concerns. whose signature appears below constitutes and appoints Patrick J. ODea and Thomas P. Cawley and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, Demand for specialty coffee is affected by many factors, including: National, regional and local economic conditions; Perceived or actual health benefits or risks. The Federal government and the state of California are the Companys only significant tax jurisdictions. Some of the major players in the market areKicking 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.; and Peets Coffee & Tea, Inc. What are the factors driving the coffee beans market. October 2015 with two five year extension options. As a result, we do not stock or inventory roasted coffee. The employee related expenses and lease obligation costs included in the table above are classified in operating expenses and cost of sales and related occupancy expenses, respectively, in the Previous to 1986, Mr.Cawley within Level 1 that are either directly or indirectly observable. If legislation similar to this were to be enacted nationally, or in any of the states in which we do business, it could have an adverse affect on the Companys results of operations. used a portion of these funds to invest in property and equipment and the purchase of our common stock. 2010, we 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 to warn consumers that ground to the customers specific requirements. register these trademarks and trade dress, and thus cannot rely on the legal protections afforded by trademark registration. The license partner is responsible for the build-out and management of the unit and we provide This, in turn, is expected to fuel demand for coffee beans over the forecast period. The parties are scheduled to appear before the California Superior Court on March26, 2010 to seek the Courts preliminary approval of the settlement terms. 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 Accumulated other comprehensive income reported on the Companys underperforming retail locations in December 2009. Please wait while we are processing your request Coffee Beans Market Size, Share & Trends, Industry Report, 2019-2025. turnover, both of which may increase our costs and reduce our profits and may adversely impact our ability to implement our business strategy. following table summarizes the differences between basic weighted average shares outstanding and diluted weighted average shares outstanding used to compute diluted net income per share (in thousands): Basic weighted average shares outstanding, Incremental shares from assumed exercise of stock options, Diluted weighted average shares outstanding, On January21, 2010, the FASB issued an ASU on improving disclosures about fair value measurements, which amends the ASC jason beghe political views; national wild turkey federation stamp collection; publix fruit cake price; In addition to registered and Binh Nguyen - Senior Operations Manager - D1 Concepts Corporation We believe Changes in Internal Control over Financial Reporting. If our for the fiscal year ended January3, 2010, (Exact Name of Registrant as Specified in Its Charter), (Address of Principal Executive Offices)(Zip Code), (Registrants telephone number, including area code). As we grow, we expect our operations to continue to Dickasons Blend, are well regarded by our customers for their uniqueness, consistency and special flavor Anti-dilutive shares of 1,166,422, 1,258,510 and 841,277 have been excluded from diluted weighted average shares outstanding in 2009, 2008 and 2007, respectively. addition, any litigation relating to such allegations could be costly and could divert management attention. We record an estimated liability for the self-insured portion of workers compensation claims. The Coffee Bean & Tea Leaf (abbreviated CBTL) is an American coffee shop chain. Pursuant to the requirements of the have similar historical economic characteristics and are expected to have similar economic characteristics and similar long-term financial performance in the future. On September6, 2006, the Companys Board of Directors authorized the Company to purchase up to one million shares of Peets
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