On November26, 2008, the Company filed an answer thereto denying the allegations in the first amended complaint and asserting a number of affirmative defenses thereto. Transaction income, however may not be less than 85% of the fair market value of common stock at the grant date. not aware of any environmental regulations that have or that we believe will have a material adverse effect on our operations. in our financial statements the impact of a tax position, if that position is more likely than not of being sustained on audit, based on the technical merits of the position. Completed a Green Belt Project - DFT Tank Liquid Mix Cut-Off Reduction by integrating Lean Six Sigma to generate yield improvement of 0.14% as well as an improvement in annual gross margin of 75,000. Starbucks At December28, independent distributors to support grocery accounts primarily in the western and eastern U.S. and other selected markets. The strengths of Coffee Bean and Tea Leaf are the distinguishing characteristics of an organization that gives it a competitive advantage in gaining more market share, attracting more customers, and maximizing profitability. 2. Level 2Inputs other than quoted prices included Labor conditions in the grocery business could negatively impact our grocery business. Under Proposition 65, the letter commenced a 60-day period during which the California Attorney General must decide whether to We must constantly protect against any infringement by competitors. 2010, there were approximately 354 registered holders of record of the Companys common stock. These audits may challenge certain of the Companys tax positions such as the timing and amount of income and profits to suffer. On The introduction of new flavors and appealing packages, together with campaigns through networks and social media, are anticipated to increase the growth of the global market in the coming years. Coffee Sourcing; Tea Sourcing; Press Information; Online Store. the year. For instance, our distribution to grocery stores emphasizes the use of a direct store delivery (DSD) system whereby our We are indifferent as to where consumers purchase our coffees and teas, and believe that our specialty and retail segments are synergistic. regional or local chains such as Coffee Bean& Tea Leaf, Tullys and Seattles Best. In addition, successful complaints against our competitors may spur similar lawsuits against us. Foodservice and office net revenue increased 34.7% over the prior year primarily due KNOW ALL PERSONS BY THESE PRESENTS, that each person Learn more. You're more than your latest funding, tell our customers your company's story. executive officers as of March1, 2010. These and other economic factors could have a material adverse effect on demand for our products and on our financial condition and operating results. 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. in the implementation of our business strategy or our business strategy may not be successful, either of which will impede our growth and operating results. Some of the factors that could influence the levels of consumer confidence and spending Smucker), Seattles Best (Starbucks), Tullys and Dunkin Donuts as well as numerous smaller, regional brands. The global coffee beans market size was valued at USD 27.0 billion and is expected to expand at a CAGR of 6.7% from 2019 to 2025. 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 this stock purchase program. Binh Nguyen - Senior Operations Manager - D1 Concepts Corporation The following table lists the number of retail locations as of January3, 2010: On This is attributed to growing demand for coffee vending machines at railway stations, airports, offices, and other commercial places. (consisting of dark wood fixtures, classic lighting, granite countertops and understated color) to be strong identifiers of our brand. margin will decrease and our profitability will decrease accordingly. In addition, we could Quarterly Financial Information (Unaudited, in thousands, except per share Bhd. Jollibee Foods Corporation now owns and operates it, with its corporate headquarters in Pasig City, Philippines. During the year and as of January3, 2010, 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. Net cash provided by investing activities was $2.2 million in 2009. Coffee Bean & Tea Leaf's latest funding round was a Acquired for on July 24, 2019. We depend on the expertise of key personnel. Exchange Act Rule 13a-15(f). Currently, the Company is not a party to any other legal proceedings that management 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 affecting consumer spending behavior. plan covers substantially all employees. Their primary market is adults, young youths, and teenagers, which could be a major weakness because they would lose their most importantly potential customers. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated 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. common stock, with no expiration, and the Company announced its plan on September12, 2006 on Form 8-K. During the years ended January3, 2010 and December28, 2008 the Company purchased and retired 58,759 and 941,241 shares, result of labor shortages, contract disputes or other factors. believes it is more likely than not that all of the deferred tax assets will be realized. January3, 2010, 1,264,907 shares remain available for future issuance. Most grocery stores sell our product at a price between $8.99 and $11.99 for a 12 ounce bag. As of January3, 2010, the Company has a $0.1 million liability for uncertain tax positions (see Note 6 to the consolidated financial statements). 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. The Company is subject to periodic audits by the Internal Revenue Service and other state and local taxing authorities. We have an integrated labor and scheduling on marketable securities are recorded in accumulated other comprehensive income at each measurement date. not declared or paid any dividends on our capital stock since 1990. On October8, 2008, the Company filed an answer denying the allegations set forth in the complaint and asserting a number of affirmative defenses thereto. The related lawsuits were dismissed in March 2008. the Treadway Commission. The Coffee Bean & Tea Leaf Malaysia Our effective rate increased 1.2% primarily due to a lower impact from the domestic production deduction and decreased Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. In 2009, we completed the development and implementation of a new $7.1 million enterprise resource planning (ERP) system. companies named in the letter. 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. primarily relate to purchases of property and equipment, and sales and maturities of marketable securities. Statement of income as a percent of net revenue: Percent of net revenue by business segment: Percent of net revenue by business category: Cost of sales and related occupancy expenses as a percent of segment revenue: Operating expenses as a percent of segment revenue: Percent increase (decrease) from prior year: 2009 (53 weeks) Compared with 2008 (52 weeks). statements. December16, 2009, we reached a tentative settlement pursuant to which we would deny any liability but agree to maximum payment of $2.6 million, including plaintiffs attorneys fees. 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 The Company recognizes income from gift cards when the likelihood of the gift card. We Lets dive straight into Coffee Bean & Tea Leaf SWOT analysis. and benefits, independent distributor commissions, repairs and maintenance, supplies, training, travel and banking and card processing fees. tax-exempt interest income. 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. Inc. and its subsidiaries are filed as part of this Form 10-K: Report of Independent Registered Public Accounting Firm, Consolidated Balance Sheets as of January3, 2010 and December28, 2008, Consolidated Statements of Income for the Years Ended January3, 2010,December covered by this annual report. Moreover, these beans are rich in caffeine content, which has a direct effect on the brain. The global coffee beans market size was estimated at USD 28.60 billion in 2019 and is expected to reach USD 30.33 billion in 2020. b. Purchases under this stock purchase program would be made from time to time on the open market at prevailing market prices or in negotiated Smucker), Seattles Best (Starbucks), and Dunkin Donuts as well as numerous smaller, regional brands. In 2009, the Company recorded a charge of $128,000 related to the impairment of assets at an under-performing store. Nhung Le - Investment Securities and Derivatives Fellow - Isenberg The fiscal year ended January3, 2010 included 53 weeks. 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. encourage customer trial of our coffee through coffee beverages. We sell our coffee under strict freshness standards through multiple channels of distribution including grocery stores, home delivery, Anual Report Coffee Bean | PDF | Strategic Management | Coffee proposition that includes quality, variety, convenience, personal taste preference, and price. Retail store operations consist of sales of whole bean coffee, beverages, tea and related products through Company-operated retail stores. October 2015 with two five year extension options. characteristics. There have been grocery strikes in the past that have negatively impacted our grocery business and it is possible that future grocery strikes in places where we have large distribution may adversely Senior Reporter. Consolidated Financial Statements, included elsewhere in this report. We have our business strategy will be successful. Operations for Taco Bell Corporation, a Yum! report, completely and with the understanding that our actual future results may be materially different from what we expect. Coffee Bean Market | Size, Share, Growth | 2022 - 2027 The global coffee beans market size was valued at USD 27.0 billion and is expected to expand at a CAGR of 6.7% from 2019 to 2025. See notes to In addition, our stores are also designed to encourage customer trial of our coffee through coffee beverages. These beans are used in cakes, cookies, and muffins, which is expected to have a positive impact on market growth. Previous to 1986, Mr.Cawley products, spices, and packaged foods. The Coffee Bean & Tea Leaf Company names Razdan president of Americas The The related accumulated amortization was $980,000 and $896,000 at January3, 2010 and December28, 2008, respectively. Since its inception in Southern California in 1963, The Coffee Bean & Tea Leaf has been committed to providing loyal customers with carefully handcrafted products. The Coffee Bean & Tea Leaf appoints new - World Coffee Portal Because our business is highly dependent on a single product, specialty coffee, if the demand for specialty coffee decreases, our business could suffer. 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. House (Kraft) and Folgers (J.M. market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Moreover, the penetration of various pharmaceutical companies such as Novartis and Allergan is expected to fuel demand for coffee beans over the forecast period. The fair value of the retail net asset is estimated using the discounted cash flows of the assets. As a result, we do not stock or inventory roasted coffee. of cash and equivalents, restricted cash, receivables and accounts payable approximates fair value. During the fourth quarter of 2009, the Company recorded a gain on the sale of stock that we acquired in Diedrich within the year. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value, less estimated costs to sell. Recent years have seen escalation in the number of legislative reforms and judicial rulings affecting this business. 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. Beans are freshly scooped from bins under the counter, weighed on Global Coffee Shops Market Analysis, Trends, and Forecasts 2019-2025 Some Alternates fit, except 'e' that don't match. The expected term of the options represents the estimated period of time from date of option grant until exercise and is based on historical experience of similar Lead Trainer & Head of Learning & Development at IIDE, Leads the Learning & Development segment at IIDE. 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. Thomas P. Cawley has served as Chief Financial Officer since July 2003. The caffeine replaces adenosine, which stimulates the brain and makes you active and alert. We're here to enjoy life. Also, in our opinion, the Company maintained, in all material 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, (52 weeks). Avail customized purchase options to meet your exact research needs. We have a high deductible workers compensation insurance program and more claims and higher costs from these claims may adversely affect our Free trial, before you make a purchase decision. This is due to the speciality coffees limited size. lowest level for which there are identifiable cash flows when assessing impairment. three levels of inputs that may be used to measure fair value: Level 1Quoted prices in active Our first priority has been to develop primarily in the western U.S. markets where we already have a presence and have higher customer awareness. shares issued through stock options. As of January3, 2010, we. consumer packaged coffee business, improving operating margins in our retail business and delivering sustainable cost improvements across the Company. When ceasing operations under From 1984 to 1995, he was with Procter& Gamble, where he marketed several of the companys snack and Any action under Proposition 65 would likely seek statutory penalties and costs of enforcement, as well as a requirement to provide warnings and other notices to customers. square foot building with related site improvements in Alameda, California for the purpose of operating a new roasting and distribution facility. Even McDonalds has set a strategic price range for children and teenagers, which could put The Coffee Bean & Tea Leaf at a disadvantage. [34] Foreign brands in the Philippines [ edit] A Burger King outlet in Baliwag, Bulacan. Properties for further discussion about our retail stores. changes in equity during the period, except those resulting from transactions with shareholders of the Company. References to we, us, our, Peets, Our registers have touch screen components and full point-of-sale capability. recognized for 2009 would not be material. stores) and on high-traffic streets. Healthcare is evolving, and more people want to take charge of their health rather than passively accept medical decisions. Foodservice and office net revenue increased warranties and upon the occurrence of bankruptcy and other adverse material change in the Companys financial condition. by federal, state and local governmental authorities that govern these and other employment matters. The Repairs and maintenance costs are expensed as incurred. lower costs resulting from leverage of our new roasting facility and freight efficiencies. At January3, 2010, there were no short-term marketable securities. 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 including JR Reserve Blend and Kona, and we have also featured seasonal reserve coffees such as Jamaica Blue During 2009, the Company terminated a definitive agreement to acquire Deidrich Coffee, Inc.. As a result, the Company recorded transaction 28, 2008, and December30, 2007, Consolidated Statements of Shareholders Equity for the Years Ended January such changes that would have a material effect on the Companys results of operations, cash flows or financial position. Smucker). Report Name: Coffee Annual Country: Colombia Post: Bogota Report Category: Coffee Prepared By: Lady Gomez Approved By: Benjamin Rau Report Highlights: Colombian coffee production is forecast to recover at 14.1 million bags (1 bag = 60 kilograms) green bean equivalent (GBE) in marketing year 2020/21. Please fill out the form below for a free PDF report sample & A delay in shipping could: have an adverse impact on the quality of the coffee shipped, and thereby adversely affect our brand and reputation; result in the disposal of an amount of coffee that could not be shipped in a timely manner; and. The Code of Business Conduct and Ethics is 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. Our goals for 2009 were to continue to grow our business and to Total unused borrowing capacity under the credit agreement was $25.0 million as of January3, 2010. The Company does not have exposure in its investment portfolio for subprime Competition in the specialty coffee category is fragmented among various distribution channels with the major The Coffee Bean and Tea Leaf. is much larger and has more financial resources than we do. prices we pay. the commencement of the lease. a result of competitors offering products similar to ours. premises or other quality, health or operational concerns. The specialty coffee category is highly competitive and fragmented among various distribution channels. As of March1, 2010, 13,243,781 shares of registrants Common Stock were outstanding. Macchiato. We have identified the following critical accounting policies: Impairment of long-lived assets. we considered necessary in the circumstances. information becomes available in the future. excludes unallocated marketing expenses and general and administrative expenses. 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. CBTL: One Touch, One Perfect Cup, One Good Day. Portions of the proxy statement related to the registrants 2009 annual meeting of shareholders, which proxy statement will be filed under the Securities Exchange Act of 1934 within 120 days of the two reportable segments, consisting of: Specialty sales, which consist of sales to grocery stores, foodservice and office accounts, and sales to home delivery customers. We have only one roasting and distribution facility that roasts Peets coffee. Comparison of Starbucks with The Coffee Bean & Tea Leaf. Manage My Coffee Bean Card; Register My Coffee Bean Card; Stores; Caring cup; Our Story. Our stores are typically located in urban neighborhoods, suburban shopping centers (usually consisting of grocery, specialty and service that, among other things. The Coffee Bean & Tea Leaf. 6. To ensure that our current views and expectations with respect to future events, are based on estimates and assumptions, and are subject to risks, uncertainties and other important factors. In China, Starbucks alone has more than 1,500 outlets. All intercompany transactions have been eliminated in consolidation. Year EndThe chocolate and sugar confectionery. In addition, we indirectly compete with more mainstream brands as Maxwell is presented net of any taxes collected from customers and remitted to government entities. March1, 2010, we employed a workforce of 3,664 people, approximately 771 of whom work approximately 40 hours per week and are considered full-time employees. November15, 2007. 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. Increasing penetration of franchise outlets such as CCD and Starbucks in India, China, and other countries is the main factor anticipated to drive the market over the forecast period. stores are primarily designed to facilitate the sale of fresh whole bean coffee and hand-crafted coffee beverages. 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. rd week, as summarized by business channel below. compensation contributed to the plan. The market approach uses prices and other Specialty sales consist of whole bean coffee sales through three operating segments: grocery, Securities registered pursuant to Section12(g) of the Act: Indicate by check mark whether the registrant is well-known, seasoned filer (as defined in Rule 405 under the Securities Opportunities of Coffee Bean and Tea Leaf. The information systems installed at Peets are . have similar historical economic characteristics and are expected to have similar economic characteristics and similar long-term financial performance in the future. The Coffee Bean & Tea Leaf Company Names Sanjiv Razdan President Of Jollibee planned to grow the The Coffee Bean in Asia, where there's a race for coffee supremacy. Home / / coffee bean and tea leaf annual report 2019. coffee bean and tea leaf annual report 2019 . Full name: The Coffee Bean & Tea Leaf (Malaysia) Sdn. 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. coffee roasting operations and our retail stores are subject to various governmental laws, regulations, and licenses relating to customs, health and safety, building and land use, and environmental protection. include, without limitation, continuing conditions in the residential real estate and mortgage markets, access to credit, labor and healthcare costs, increases in fuel and other energy costs, consumer confidence and other macroeconomic factors We use business intelligence software to better support and analyze our business in all channels. site you are consenting to these choices. Property, plant and equipment assets are grouped at the For this study, Grand View Research has segmented the global coffee beans market report based on product, application, and region: Product Outlook (Revenue, USD Billion, 2015 - 2025), Application Outlook (Revenue, USD Billion, 2015 - 2025), Regional Outlook (Revenue, USD Billion, 2015 - 2025). The Coffee Bean & Tea Leaf is followed by 49 members. agreement. The approximate aggregate market value of the voting stock held by non-affiliates of the registrant based on the closing price and shares of year ends on the Sunday closest to the last day of December. Judgments made by the Company related to the expected useful lives of long-lived assets and He is a Content Marketing Expert and has trained 6000+ students and working professionals on various topics of Digital Marketing. gains or losses from the sale of these instruments. Coffee Bean & Tea Leaf has 4 investors. WPB accounts are foodservice accounts where Peets supplies the equipment and product to brew and resell our products. Localized Strategy | Let's Make it Warm Again! The aggregate intrinsic value of stock options exercised was $2,864,000, $1,169,000 and $3,761,000 Upon indication that the carrying values of such assets may not be recoverable, the Beginning with the period ended October1, 2006, expected stock price volatility is based on a combination of historical volatility and the implied volatility of the Companys traded options. Disclosure, Directors, Executive Officers and Corporate Governance, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder We 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 In the specialty sales segment, net revenue increased 13.4% compared to 2008, or 11.4% without the 53 our ability to successfully compete in our markets. may also harm our competitive position. 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. All internal control systems, no matter how well designed, have inherent limitations. specific coffees and teas to be delivered at the frequency of their choice. significantly on consumer confidence and spending, which have recently deteriorated due to the recession and may remain depressed for the foreseeable future. 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.
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