Adverse publicity resulting from such allegations may materially adversely affect us, regardless of whether such allegations are true or whether we are ultimately held liable. 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. Notes: Available in a 16-ounce valve bag at $11.45. Such differences could be material to the financial statements. We invest excess cash in interest-bearing, U.S. government, agency, municipal and guaranteed student loan obligations. Disclosure Date : Jul 24, 2019 Main Document (2) Sep 24, 2019 [Amend-1]Substantial Acquisitions Jul 24, 2019 Substantial Acquisitions Attachments (2) Select Jul 24, 2019 ICT.2018.Audited Financial Statements.pdf Jul 24, 2019 JFC.17C.JFC to Invest US$100M for the Acquisition of the Coffee Bean & Tea Leaf.07242019.pdf Our goal is to ensure that customers receive coffee within days of roasting. jurisdictions with varying statutes of limitations. remain available for purchase under this stock purchase program. purchase unique and special coffees. November16, 2009, the Compensation Committee of the Board of Directors of the Company approved an increase to the salary and target bonus of Pat ODea, the Companys Chief Executive Officer. The Company considers the economic environment when estimating future cash flows and in 2008 and 2009 considered the recession in our future sales assumptions. ground to the customers specific requirements. The cost of intangible assets, primarily As a result, a major earthquake in the San Francisco Bay area could not only seriously disrupt our business, but may also lead to substantial losses. In grocery, we expect to continue to expand into new markets although the full extent of our penetration will depend upon the development of specialty coffee as a category in many markets. Kay L. Bogeajis has served as Vice President, Retail Operations since she joined the Company in October 2007. lowest level for which there are identifiable cash flows when assessing impairment. existing stores. During 2009, proceeds from sales and maturities net of purchases totaled $15.8 million, including $7.7 million of Diedrich common stock. On November12, 2008, the plaintiffs filed an risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Our access to high quality Arabica beans depends on our relationships with coffee brokers, exporters and growers, with whom we have built long-term relationships to ensure a steady supply of coffee beans. The specialty coffee category is highly competitive and fragmented among various distribution channels. Jollibee planned to grow the The Coffee Bean in Asia, where there's a race for coffee supremacy. The following Consolidated Financial Statements of Peets Coffee& Tea, recognized for 2009 would not be material. Discounted price for multiple reports across domains, 2. These audits may challenge certain of the Companys tax positions such as the timing and amount of income and On January21, 2010, the FASB issued an ASU on improving disclosures about fair value measurements, which amends the ASC on Fair Value We do not expect our unrecognized tax benefits to change significantly over the next 12 months. The Coffee Bean & Tea Leaf (sometimes shortened to simply "Coffee Bean" or "The Coffee Bean", often abbreviated as CBTL) is an American coffee shop chain founded in 1963. Los Angeles-based Coffee Bean & Tea Leaf will add 14 percent to Jollibee's global sales and expand its base by more than a quarter. We are active in seeking, roasting and selling unique special lot and one-time coffees. was with The Quaker Oats Company and General Foods. companies named in the letter. Information with respect to compliance with Section16(a) of the Exchange Act is set The aggregate intrinsic value in the table below is The brand established training and recruiting program in Singapore, which became a significant market strength for the brand. 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. As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). Therefore, we do not anticipate paying cash dividends on our common stock in the The specialty coffee category is highly terms are included in the straight-line computation. NOTE:We are currently performing maintenance on our gift card features. Potential lawsuits could divert managements time and attention from day-to-day operations, result in significant legal expenses, and result in an We opened 8 new stores in 2009 and 23 new stores in 2008. During the pandemic, the business flow changed. tophy52. Mountain. We are indifferent as to where consumers purchase our coffees and teas, and believe that our specialty and retail segments are synergistic. As a result, if the current economic downturn and decrease in consumer spending in California continues or worsens, it may not only lead to a substantial decrease in detected on a timely basis. jason beghe political views; national wild turkey federation stamp collection; publix fruit cake price; In addition to registered and profits to suffer. It is the Companys policy to recognize interest and penalties in the tax provision. Bhd. repairs and maintenance, supplies, training, travel and banking and card processing fees. For complete Top 500 data, including each chain's sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic's analysis, growth forecast and more: Get the Full Report. Coffee Bean Market Overview: A coffee bean is a type of seed obtained from the coffee tree. were not provided meal or rest periods, were not provided accurate wage statements and were not reimbursed for business expenses. The related lawsuits were dismissed in March 2008. Our fiscal year is based on a 52 or 53 week year. Diluted net income per share reflects the potential dilution that could occur from common known to the Company to hold 5% or more of the outstanding Common Stock have been excluded as such persons may be deemed to be affiliates of the Company. The Company operates in two reportable segments: retail and Growth was flat compared to the prior year for stores operating for over one year. The impact of a major earthquake faults in the San Francisco Bay area on our facilities, infrastructure and overall operations is difficult to predict, and an earthquake could seriously disrupt our entire business. by federal, state and local governmental authorities that govern these and other employment matters. The registered independent public accounting firm of Deloitte& Touche LLP has issued a report on the effectiveness of the guaranteed student loan obligations. Starbucks The Company has not paid dividends in the past and does not plan to pay dividends in the near future. The fiscal year ended January3, 2010 (fiscal The favorable workers compensation expense resulted become subject to litigation relating to the existence of such compounds in our coffee, which litigation could be costly and could divert management attention. $25.4 million in 2008. 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. Sales from beverages and pastries increased 16.0% to $133.8 million. At January3, 2010, we had $47.9 million in cash and cash equivalents. This growth could be predominantly attributed to the rising demand for coffee as the most consumed beverage across all age groups. In addition, if we are not able to purchase sufficient quantities of high quality Arabica beans due to any of the above factors, we may not be able to fulfill the demand for our Explore purchase options. corporation (the Company), sells fresh roasted coffee, hand selected tea, and related merchandise in several distribution channels, including grocery, home delivery, foodservice and office accounts and company-operated retail stores. Judgments made by the Company related to the expected useful lives of long-lived assets and end of each period for the estimated expenses incurred, but unpaid for these programs. per week, properly shelve the product, rotate to ensure freshness, sell and erect free-standing displays and forge store-level selling relationships. December28, 2008 and December30, 2007, Consolidated Statements of Cash Flows for the Years January3, 2010, December 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 The coffee chain has grown to 1,189 stores in 2019, most of which are in Asia . Were missing the commuter peak, Vavra notes. In the retail segment, net revenue increased 7.1% compared to 2008, or 5.2% without the 53rd week, as a result of increased sales from new stores and the sales Shop, Ralphs, Kroger, Publix and Whole Foods Market. OUR STORY. Website. Repairs and maintenance costs are expensed as incurred. We generally We operate our business through two reportable segments: retail and specialty sales. Weaknesses of Coffee Bean and Tea Leaf, 3. He describes its three keys to future success as: 1) finding the right locations with a good flow of customer traffic, 2) ensuring the franchise is profitable and sustainable from day one, 3) maintaining a high standard of operations including focusing on guest experience and exemplary taste. See for yourself. No transaction income, net was recorded in fiscal 2008 or 2007. Question: TASK 2: Report Read the case study on "The Coffee Bean & Tea Leaf. Litigation related expenses consists of costs The Company establishes an allowance for estimated doubtful accounts based on historical experience and current trends. Consolidated Financial Statements, included elsewhere in this report. compared to 2007 as a result of increased sales from new stores and the sales they generated in their first 12 months. As of January3, 2010, 735,888 shares The company was founded by 2 people, Mona and Herbert Hyman. 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 New York City is critical to its growth plans. Since we only roast our coffee to order, we do not carry inventory of roasted coffee in Approximately $6 million ready-to-drink coffee contains a substance that is allegedly known to cause cancer. The purpose of the Plan is to offer those employees an opportunity to elect to defer the receipt of compensation in order to provide Competition in the specialty coffee market is intense and could affect our profits. 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 The Company closed 4 We also have registered trademarks on our stylized logo and our P-mug design. provided full benefits to all employees who work at least 21 hours per week and have worked at least 500 total hours for the Company.