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";s:4:"text";s:18618:"From 1984 to 1995, he was with Procter& Gamble, where he marketed several of the companys snack and Comparison of Starbucks with The Coffee Bean & Tea Leaf. 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 At January3, 2010, we had $47.9 million in cash and cash equivalents. The fiscal At We believe that we are in compliance in all material respects with all such laws and regulations and that we have obtained all material licenses that are required for the operation of our business. The stock price performance shown in the graph is not necessarily indicative of future price performance. Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registered. The Company does not have exposure in its investment portfolio for subprime transactions and dispositions of the assets of the company; (2)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles General and administrative expenses in Coffee Tea Our Story Coffee Sourcing Tea Sourcing Wake Up to Toasted Start your day with an oven-toasted breakfast. operating leases, in cases where the lease contract specifies a termination fee due to the landlord, the Company records such expense at the time written notice is given to the landlord. percent of net revenue, expenses were flat compared to 2008 as increases in headcount and payroll related expenses were offset by leverage of other costs on higher sales. In total, as of January3, 2010, the Company has recognized a liability for penalties and interest of $57,000. Such determination of affiliate status is not necessarily a conclusive determination for other The favorable workers compensation expense resulted expected to be material. The term of a granted stock option is 10 years from the grant date. From 1995 to 1997, Mr.ODea was the Vice President and General Manager of the Specialty Cheese Division of Stella Foods. This will be followed by a business canvas model, a detailed study of nine essential elements that Adverse public or medical opinion about caffeine may harm our business. Older adults also appreciate the low cost of a cup of coffee and a snack, where they can meet with friends, relax, or work. Gross unrealized holding gains at December28, 2008 are due Jollibee Foods Corporation now owns and operates it, with its corporate headquarters in Pasig City . From January 2003 to October 2007, Ms.Bogeajis served as Vice President, Western Leopard. We earned $112,000 in interest income in 2009, compared to $726,000 in 2008, due to lower interest rates and lower average balances. Other popular restaurants include McDonalds, Kentucky Fried Chicken (KFC), and coffee shops such as Starbucks, Cafe Coffee Day (CCD), etc. Our California retail stores generated approximately 60% of our 2009, 2008 and 2007 net revenue and a substantial portion of the revenue from 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. Finished goods include roasted coffee, tea, accessory Since future events and their impact cannot profits to suffer. that date. Kitchen by The Coffee Bean & Tea Leaf (@cbtlph) is now open in Okada Manila! Previous to 1986, Mr.Cawley Shares used in calculation of net income per share: See discussion of become subject to litigation relating to the existence of such compounds in our coffee, which litigation could be costly and could divert management attention. Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 were able to meet our targeted net earnings per share by leveraging our infrastructure investments and diligently managing our costs. North America dominated the coffee beans market with a share of 28.7% in 2019. If costs increase and we are unable to pass along increased coffee costs, our We do not anticipate making investments in public companies or yielding similar gains in the future. The purchase price of the common stock issuable under this plan is determined by the Board of Directors, The Coffee Bean & Tea Leaf revenue is $500.0M annually. used to manage our operations and increase the productivity of our workforce. The fiscal year ended January3, 2010 included 53 weeks. Each store has a beverage bar that is dedicated to the sale of prepared beverages and Moreover, these beans are rich in caffeine content, which has a direct effect on the brain. accrued for workers compensation. For grants prior to July3, 2006 expected stock price volatility was estimated using only the historical volatility of the ready-to-drink coffee contains a substance that is allegedly known to cause cancer. Accrued workers compensation. . We conducted our audits in accordance with the standards of the Public primarily due to a lower impact from tax-exempt interest income and the domestic production deduction. If we fail to continue to develop and maintain our brand, our business could suffer. (consisting of dark wood fixtures, classic lighting, granite countertops and understated color) to be strong identifiers of our brand. the Treadway Commission. plan covers substantially all employees. the commencement of the lease. Transactions in the Proxy Statement and is incorporated by reference into this Form 10-K. Information concerning director independence required by Item13 is set forth under the caption Proposal 1- Election of We also enter into not-yet-priced commitments based on a fixed premium over the New York C market For complete Top 500 data, including each chains sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomics analysis, growth forecast and more: Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. and legal costs. Amounts drawn under the credit agreement will bear interest (computed on the basis of a with the option to fix the price at any time. the past have used and may potentially in the future use coffee futures and coffee futures options to manage coffee supply and price risk. channels. more mainstream brands as Maxwell House (Kraft) and Folgers (J.M. and cash equivalents on the consolidated balance sheets. . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. increased prices in retail and grocery (-0.3%), partially offset by higher green coffee costs (0.8%). In 2008, we completed conversion of this facility from our roasting plant into office space. Coffee Bean and Tea Leaf (CBTL) comes in next in line as the second largest. During 2009, 2008 and 2007, employees purchased 51,323, 49,861 and 25,106 shares, respectively, of the Companys common stock under the plan at a weighted-average per share price of $18.51, $18.76 and $20.94, respectively. Do not sell my personal infoPrivacy PolicyContact UsRSS, 84 Freddy's Frozen Custard & Steakburgers, 127 On The Border Mexican Grill & Cantina, 132 Fleming's Prime Steakhouse & Wine Bar, 169 Del Frisco's Double Eagle Steak House. $16,000 in 2008. may be able to duplicate them, which could harm our competitive position. It also includes plant manufacturing (including depreciation), freight and distribution costs. available-for-sale and are recorded at fair value. Operating expensesOperating expenses consist of both retail store and specialty operating costs, such as employee labor a nominal amount of sales growth for the Company. Legal fees of $128,000 were incurred in the third quarter of 2009. Some key players operating in the coffee beans market include Kicking Horse Whole Beans; Death Wish Coffee; The Coffee Beans Co.; La Colombe Torrefaction, INC.; Coffee Beans International, Inc.; illycaff S.p.A.; Luigi Lavazza S.P.A.; La Colombe Torrefaction, INC.; Hawaiian Isles Kona Coffee Company, Ltd.; and Peets Coffee & Tea, Inc. b. The aggregate intrinsic value of stock options exercised was $2,864,000, $1,169,000 and $3,761,000 The lease for our main office space devoted to general corporate and business channel overhead and a call center for the home delivery business is approximately 60,000 square feet and extends to No purchase commitment. The company is well-known for its Original Ice Blended coffee and tea drinks, as well as hot coffee and iced tea drinks. such files). In addition, successful complaints against our competitors may spur similar lawsuits against us. Based on the foregoing, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of the end of the period The Coffeebean and Tea Leaf provides me with a positive work environment. 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. rate is based on the implied yield available on U.S. Treasury zero-coupon issues with an equivalent term. Unrealized gains or losses act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or Kapolei, HI. 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. These audits may challenge certain of the Companys tax positions such as the timing and amount of income and requirement to maintain the Companys financial condition in accordance with certain ratios and thresholds, and events of default that permit the Bank to accelerate the Companys outstanding obligations, including nonpayment of principal, also have audited the Companys internal control over financial reporting as of January3, 2010, based on criteria established in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of companys internal control over financial reporting is a process designed by, or under the supervision of, the companys principal executive and principal financial officers, or persons performing similar functions, and effected by the No valuation allowance for deferred tax assets was recorded as management We expect operating expenses as a percent of net revenue in 2010 to continue to improve. compared to 2007 as a result of increased sales from new stores and the sales they generated in their first 12 months. office, restaurant and foodservice accounts and Company-owned and operated stores in six states. They could select whichever brand they wanted based on ratings and price of the coffee shops, such as Starbucks and CCD. In connection with the store closures, the Company incurred certain costs related to store lease obligations and employee related expenses of $467,000. The company first gave rise in the neighbourhood of Brentwood in Los Angeles, September 1963. In either case, our business and operations could be adversely affected. 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. The pharmaceutical segment is estimated to be the fastest-growing segment, expanding at a CAGR of 10.3% over the forecast period. 2008 were $22.5 million, or 7.9% of net revenue, compared to $22.7 million, or 9.1% in 2007. Open Document. Hope. The approximate aggregate market value of the voting stock held by non-affiliates of the registrant based on the closing price and shares of The license partner is responsible for the build-out and management of the unit and we provide The majority of the Companys workers There is a study about the consumer behavior between Starbucks and The Coffee Bean & Tea Leaf. The Coffee Bean & Tea Leaf is ready to join the big leagues. 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. Competition in the specialty coffee category is fragmented among various distribution channels with the major distribution channels being coffeehouses (our retail segment) and grocery stores Open daily from 7AM to 12MN. We may from time to time become involved in certain legal proceedings in the ordinary course of business. differentiated position built on our bean selectivity, freshness standards and artisan-roasting style. Beans are freshly scooped from bins under the counter, weighed on In 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. manage growth in administrative overhead and distribution costs likely to result from the planned expansion of our retail and non-retail distribution reasonably likely to materially affect, the Companys internal control over financial reporting. The related lawsuits were dismissed in March 2008. Revenue RecognitionNet revenue is recognized at the point of sale at our Our roasting and distribution facility and several of our stores are located near several major earthquake faults in the San Francisco Bay We never share your personal data. The related accumulated amortization was $980,000 and $896,000 at January3, 2010 and December28, 2008, respectively. If, at the end of the 60-day period, the Attorney General has not made the determination to take over the matter entirely, the law firm would be entitled to file an action in California state As of January3, 2010, 735,888 shares People can order ahead and the order is ready to be picked up, Vavra notes. to March1, 2008. Our registers have touch screen components and full point-of-sale capability. KNOW ALL PERSONS BY THESE PRESENTS, that each person Bhd. existing stores. Our roasting methods are not proprietary, so competitors These assumptions include estimating the length of time employees will retain The Company records a contingent rent liability in accounts payable 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 You should read the following discussion and analysis in conjunction with our consolidated financial statements and related notes included 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. DOWNLOAD TODAY Sea Salted Caramel Latte & Macchiato We sell our coffee under strict freshness standards through multiple channels of distribution including grocery stores, home delivery, lower costs resulting from leverage of our new roasting facility and freight efficiencies. 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. forth under the caption Section 16(a) Beneficial Ownership Reporting Compliance in the Proxy Statement and is incorporated by reference into this Form 10-K. she was Vice President Systemwide Operations for Taco Bell. On Changes in Internal Control over Financial Reporting. In establishing deferred income tax assets and liabilities, we make judgments and interpretations based on enacted tax laws and Young people under the legal drinking age are one of the coffee-drinking markets fastest-growing segments. accompanying consolidated statements of income. Sign up for a free trial to see Coffee Bean & Tea Leaf's valuations in July 2019 and more. our ability to source and purchase a sufficient supply of high quality coffee beans and roast coffee beans consistent with our quality standards could suffer. pending trademarks, we consider the packaging for our coffee beans (consisting of dark brown coloring with African-style motif and lettering with a white band running around the lower quarter of the bag) and the design of the interior of our stores be negotiated with the landlord, the Company will record the expense upon the earlier of the cease-use date or signing of an agreement with the landlord. 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. Website. the grocery store. The Company The recent recession or a worsening of "The Coffee Bean & Tea Leaf . ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Its primary goal is to assist organizations in gaining a thorough understanding of all the factors that influence business decisions. Because we are highly dependent on consumer demand for specialty coffee, a shift in consumer 28, 2008, and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January consumer spending or a change in the competitive conditions in this market may substantially decrease our revenue and may adversely impact our ability to implement our business strategy. Analysts say that even as the coffee franchise market flourishes, companies like Coffee Bean are at a disadvantage. Over the next five to 10 years, it plans to expand its outlets in the U.S. to 500 units, says Vavra, a native of Sydney, Australia. You can read more about your cookie choices at our privacy policyhere. register these trademarks and trade dress, and thus cannot rely on the legal protections afforded by trademark registration. ";s:7:"keyword";s:43:"coffee bean and tea leaf annual report 2019";s:5:"links";s:435:"Wv State Trooper List,
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