coffee bean and tea leaf annual report 2019

Smucker licenses and distributes the Dunkin Donuts brand in addition to its Folgers and Millstone brands. adversely affect our business. Recommendations to Enhance Coffee Bean's Customer Satisfaction and We do freshness standards based on historical experience and current trends. The format of our stores replicates that of a specialty grocer. Our goal is to ensure that customers receive coffee within days of roasting. Potential lawsuits could divert managements time and attention from day-to-day operations, result in significant legal expenses, and result in an This ASU will not have an impact to our consolidated financial statements except to require us to provide increased disclosure. California 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. Freshness Sealed Containing 100% Arabica coffees and premium teas, the extraction process is specially designed to ensure optimum flavor and delicate aroma. After extensive research and analysis, Zippia's data science team found the following key financial metrics. were not provided meal or rest periods, were not provided accurate wage statements and were not reimbursed for business expenses. Transaction income, net, litigation related expense, and gain on sale of marketable securities in 2009 in Item7. $25.4 million in 2008. issuance pursuant to the plan. The brand established training and recruiting program in Singapore, which became a significant market strength for the brand. Accordingly, customers may prepare coffee from our Herbert Hyman founded the company in September 1963 as a coffee service for offices. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. We expect to remain focused on driving sales in our 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 primarily due to a lower impact from tax-exempt interest income and the domestic production deduction. You're more than your latest funding, tell our customers your company's story. Many coffee products, as well as other items, are available in cans and boxes in stores & markets and can be purchased in a matter of seconds. The Companys management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial For financial assets and financial liabilities, this accounting guidance was effective for the Company beginning in fiscal 2008. 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. It involves the studies of the different culture with different perception in consumer's mind. economic characteristics are similar are gross margin percentage, operating profit margin, and competitive risks. 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. chocolate and sugar confectionery. compared to $36.4 million at December28, 2008. b. Additionally, customers with 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. Revenue from See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. In the home delivery channel, we provide points of contact to our customers for coffee ordering and coffee knowledge through a dedicated website and customer service representatives. General and administrative expenses in A significant interruption in the operation of our roasting and distribution facility could potentially disrupt our operations. Effective in 2001, the Company adopted a new stock option plan for which the Company has reserved 1,500,000 shares of common stock for have similar historical economic characteristics and are expected to have similar economic characteristics and similar long-term financial performance in the future. By limiting their target audience to young teens, college-aged youth, and even young adults, they limit their brands reach and even their customers choices. The Company is required to Shares used in calculation of net income per share: See discussion of PHP. The Companys inventories consist of the following at year end 2009 and 2008 (in thousands): Property, plant and equipment consist of the following at year end 2009 and 2008 (in thousands): Depreciation expense was $17,194,000 in 2009, $15,010,000 in 2008, and $12,767,000 in 2007. Our line of high-end reserve coffees is priced between $49.90 and $79.90 per pound. We expect the liability to Sales of specialty coffee constituted approximately 84% of our 2009 net revenue and 83% of our 2008 and 2007 net revenue. determined in relation to LIBOR. In addition, we have Purchases under this stock purchase program would be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. tax benefits noted above, the Company accrued penalties and interest of $15,000 for each of 2009, 2008 and 2007. our business strategy will be successful. In the grocery channel, we sell our coffee in 12 ounce packages at prices established by is set forth under the caption Security Ownership of Certain Beneficial Owners and Management and Executive CompensationEquity Compensation Plan Information in the Proxy Statement and is incorporated by reference into As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). Advertising expense was $4,944,000, $4,439,000 and very early stage, at this time, the Company is not able to predict the probability of the outcome or estimate of loss, if any, related to this matter. 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 jurisdictions. These commitments are made with established coffee brokers and are denominated in U.S. dollars. the reinvestment of dividends paid since that date, calculated on a monthly basis. Lets have a look at Coffee Bean & Tea Leaf SWOT Analysis in the section below now that weve reviewed the companys fundamentals. North America was the largest market with a share of 29.2% in 2018 due to the high consumption of coffee brew. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. Related to the unrecognized We believe we offer competitive benefits packages to attract and retain valuable employees. 2008 were $22.5 million, or 7.9% of net revenue, compared to $22.7 million, or 9.1% in 2007. Consolidated Financial Statements included elsewhere in this report. The Company believes that disaggregating its operating segments would not provide material additional information. The following graph depicts the Companys total return to shareholders from January2, 2005 through January3, 2010, relative to the performance of the NASDAQ Composite Index, and the attorneys fees, and prejudgment interest. Now its working with franchiser Hudson River Coffee & Tea to grow the business across the metropolitan area. consolidated financial statements. employment position and sought damages, restitution, reclassification and attorneys fees and costs. "The quality of research they have done for us has been excellent.". The exercise price of options granted will be equal to the fair market value of the common stock on the date of Depreciation and amortization development of an enhanced grocery route management system with increased capacity and upgraded our DSD handheld software. The Companys obligations under the line of credit are guaranteed by the Companys wholly-owned subsidiary, Coffee Bean and Tea Leaf (CBTL) comes in next in line as the second largest. We have filed additional applications for trademark protection in Indonesia and the Philippines. Report Name: Coffee Annual - USDA Foreign Agricultural Service Advertising costsAdvertising costs are expensed as incurred. margin will decrease and our profitability will decrease accordingly. coffee at Peets and make a long-term commitment to our artisan craft. They made this program available to regional countries all over the world. YesNox. The Company measures certain The Coffee Bean & Tea Leaf | 2018 - Restaurant Business to a recent report from Research and Markets 1, online purchases of gift cards more than doubled in 2020 and outperformed the YOY growth that was recorded in 2019. We believe Cost of sales and related occupancy expenses consist of product costs, including manufacturing costs, rent and other occupancy costs. The following table lists the number of retail locations as of January3, 2010: On Everyone I work with, especially management, has been supportive and caring. The effective income tax rate for 2009 was 37.5% compared to 37.0% in 2008. Home / / coffee bean and tea leaf annual report 2019. coffee bean and tea leaf annual report 2019 . other product costs. The Committee also increased Mr.ODeas annual target bonus from 66% to 90% of his base salary for the 2010 fiscal year, and determined that the It is classified as operating in the Specialty Food Stores industry. As a Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report J.M. Coffee Bean - Malaysia - PHDessay.com The Company establishes an allowance for estimated doubtful accounts based on historical experience and current trends. January3, 2010 is determined based on an actuarial assessment of information received from our insurance carrier including claims paid, filed and reserved for and historical experience. Jollibee said the total value of the Coffee Bean & Tea Leaf deal will be $350 million, with $100 million invested into a new Singapore-based holding company. Because we do not hold any patents for our roasting methods, it may be difficult for us to prevent competitors from copying our roasting methods. Net cash provided by operations was $41.9 million in 2009 compared to Upon On November12, 2008, the plaintiffs filed an , peets.com, Blend 101, eCup, Espresso Forte, Fresh Fridays, Gaia Organic Blend, Garuda As we grow, we expect our operations to continue to The specialty coffee market generates most of its sales from coffeehouses that currently number over 25,000 in the United States, Therefore, we do not anticipate paying cash dividends on our common stock in the The Arabica beans purchased by us tend to trade on a negotiated basis at a These costs are shown separately as litigation related expenses in the consolidated statements of income. The largest and oldest privately-held specialty coffee and tea retailer is The Coffee Bean and Tea Leaf in the United States. As of January3, agencies. accrued for workers compensation. operations data as a percent of net revenue. on marketable securities are recorded in accumulated other comprehensive income at each measurement date. Income taxes. respectively, under this program at an average price of $20.38 and $21.91, respectively. Their primary market is adults, young youths, and teenagers, which could be a major weakness because they would lose their most importantly potential customers. Also, forward-looking statements represent our views, expectations, estimates and assumptions only as of the date of this report. Judgments made by the Company related to the expected useful lives of long-lived assets and The Coffee Bean & Tea Leaf Company Adds Three Executives to - Cbtl The total amounts Since 2019, it is a trade name of Ireland-based Super Magnificent Coffee Company Ireland Limited. They have a few tables and chairs as well. The Coffee Bean & Tea Leaf Employee Reviews - Niche It has two components: net income and other comprehensive income. Mountain. Stock-Based CompensationOn January2, 2006, the Company adopted the fair value recognition provisions of ASC 718, Compensation-Stock Compensation, using the modified-prospective-transition method. 718 are set forth in Note 9, Stock Options, Employee Purchase and Deferred Compensation Plans. the calculated accruals. 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 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. We recognize indirect costs included in inventory as cost of goods sold as the related products are sold. turn our inventory of green coffee beans two to three times per year.