0 Comments
EMERYVILLE, Calif. — Revenues at Peet's Coffee & Tea increased 12 percent to $68.5 million for the company's third quarter ended Sept. 28, compared with revenues of $60.9 million for the 2007 third quarter.
 
Year-to-date revenues were $205.7 million, up 15 percent compares with revenues of $178.5 million for the same period last year.
 
Net income for the quarter was $2 million, up 11 percent compared with net income of $1.8 million for last year's third quarter. Year-to-date net income was $7.1 million, up 40 percent compared with net income of $5.1 million for the first nine months of last year.
 
The company projects revenue to grow by 12 to 15 percent in 2009, Peet's officials said, with earnings per share expected to grow by 20 to 25 percent. The company plans to open about 10 new retail locations and 30 to 40 new licensed locations next year.

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

HotSchedules Digital Logbook

http://global.networldalliance.com/new/images/products/4920.png

4920/HotSchedules-Digital-Logbook

Restaurant Décor

http://global.networldalliance.com/new/images/products/1463.png

1463/Restaurant-D-cor

Marketing and Creative Services

http://global.networldalliance.com/new/images/products/4491.png

4491/Marketing-and-Creative-Services

Italian Meatballs | Swedish Meatballs | Burke Corporation

http://global.networldalliance.com/new/images/products/MeatBallThumbNail.gif

1261/Italian-Meatballs-Swedish-Meatballs-Burke-Corporation

Dry Soak Beans

http://global.networldalliance.com/new/images/products/dry_soak_bean_salad_100.jpg

1756/Dry-Soak-Beans

Executive Briefing and Exchange

http://global.networldalliance.com/new/images/products/4237.png

4237/Executive-Briefing-and-Exchange

Planning & Assessment Services

http://global.networldalliance.com/new/images/products/4490.png

4490/Planning-Assessment-Services

Food Litigation Expert Witness

http://global.networldalliance.com/new/images/products/4415.png

4415/Food-Litigation-Expert-Witness

Reporting and Management Services

http://global.networldalliance.com/new/images/products/4495.png

4495/Reporting-and-Management-Services

Scotsman Ice Machines

http://global.networldalliance.com/new/images/products/4869.png

4869/Scotsman-Ice-Machines

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.
Infographic: Top 12 Benefits of Digital Menu Boards