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San Francisco Business Times: Peet's Coffee & Tea Inc. earned $3 million in the second quarter ended June 29, 2008, up from a profit of $1.8 million in the same quarter a year ago.
 
During the quarter, Peet's also opened four new locations, unlike rival Starbucks, which announced the closure of 600 U.S.-based stores and reported a third quarter profit loss.
 

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