Print
Email
Peet's Coffee & Tea Inc. (PEET) filed Quarterly Report for the period ended 2011-10-02.
Peet's Coffee & Tea Inc. has a market cap of $744.4 million; its shares were traded at around $57.66 with a P/E ratio of 37.2 and P/S ratio of 2.2. Peet's Coffee & Tea Inc. had an annual average earning growth of 16% over the past 10 years.
This is the annual revenues and earnings per share of PEET over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PEET.
Highlight of Business Operations:
Net revenue for the thirteen weeks ended October 2, 2011 increased $11.0 million, or 13.7%, compared to the corresponding period in 2010. Sales of whole bean and related products increased 19.6% to $52.1 million. Net revenue from beverages and pastries increased 6.7% to $39.1 million.In the retail segment, net revenue increased $2.5 million, or 5.0%, compared to the corresponding period of 2010, driven by growth in both beverage and pastries sales and whole bean coffee and related sales. Sales of beverages and pastries in the retail segment increased by 6.7% to $39.1 million and sales of whole bean coffee and related products increased by 0.4% to $13.2 million. The beverage and pastries sales increase was due to price increases in the third quarter of 2010 and April 2011. Whole bean coffee sales slightly benefited from the price increases, partially offset by continuing cannibalization of bean sales in retail stores by sales of Peet s coffee in grocery stores.
In the specialty sales segment, net revenue increased $8.5 million, or 28.0%, compared to the corresponding period of 2010, as summarized by business channel below. The growth in net revenue in grocery was due primarily to increased sales in existing markets and to a lesser extent to the addition of new grocery store accounts. Net revenue in foodservice and office coffee sales increased primarily due to new accounts added over the last 12 months. Net revenue in the home delivery channel increased due to price increases in the fourth quarter of 2010, partially offset by lower volume due to cannibalization from our grocery business.
Net revenue for the thirty-nine weeks ended October 2, 2011 increased $28.1 million, or 11.6%, compared to the corresponding period in 2010. Sales of whole bean and related products increased 16.5% to $154.1 million. Net revenue from beverages and pastries increased 5.7% to $116.2 million.
In the retail segment, net revenue increased $7.3 million, or 4.9%, compared to the corresponding period in 2010, driven by growth in both beverage and pastries sales and whole bean coffee and related sales. Sales of beverages and pastries in the retail segment increased by 5.8% to $116.2 million, while sales of whole bean coffee and related products increased by 2.2% to $41.5 million. The beverage and pastries sales increase was due to price increases in the third quarter of 2010 and April 2011. Whole bean coffee sales slightly benefited from the price increases, partially offset by the continuing cannibalization of bean sales in retail stores by sales of Peet s coffee in grocery stores.
Subscribe RSS
