US Market News
1週前
/C O R R E C T I O N -- PEET'S COFFEE INC./June 8, 2026 3:46 PM
PR Newswire (US) In the news release, PEET'S COFFEE LAUNCHES NATIONWIDE SEARCH FOR ITS FIRST-EVER "CHIEF PLAYLIST OFFICER" TO BEAT AMERICA'S 3PM SLUMP, issued 03-Jun-2026 by PEET'S COFFEE INC. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end: PEET'S COFFEE LAUNCHES NATIONWIDE SEARCH FOR ITS FIRST-EVER "CHIEF PLAYLIST OFFICER" TO BEAT AMERICA'S 3PM SLUMP Winner receives a trip to see four days of the world's best music in Chicago, becoming Peet's official Middle Ground music curator. Contest announced alongside new summer menu designed to power the entire day. EMERYVILLE, Calif., June 3, 2026 /PRNewswire/ -- Peet's Coffee is turning America's daily 3PM slump into a literal movement with the launch of a nationwide search for its first-ever Chief Playlist Officer tasked with curating a reset playlist, helping people power through the dreaded afternoon crash. The contest celebrates the national rollout of Peet's new Half-Caff blend, Middle Ground, and launches alongside the brand's new summer coffeebar menu featuring Sparkling Energy Drinks and Protein Oat Lattes designed for the modern era of energy management. The First-Ever Search for Peet's "CHIEF PLAYLIST OFFICER": Afternoon sleepiness is REAL and comes from a combination of factors, including the body's natural internal rhythms and evolutionary patterns developed over time in humans. "The morning coffee ritual to set the day's rhythm is well established— but the 3PM crash is when people also need a boost," said Kristina Roach, V.P. of Marketing at Peet's Coffee. "With our new half-caff offering, Middle Ground, we wanted to create a more balanced coffee occasion that helps people recharge and keep their momentum with less caffeine. The search for a Chief Playlist Officer let us introduce our new coffee alongside, another science-backed remedy to restore energy- music."To celebrate the launch, Peet's is officially opening applications for the most coveted role of the summer: CHIEF PLAYLIST OFFICER. The coffee brand is calling on music-loving coffee drinkers nationwide to submit their ultimate "Middle Ground Mix" — a personally curated playlist designed to turn up the energy, sharpen focus, and provide a soundtrack for the final hours of the workday. Music as a source of motivation is backed by research showing that listening to music can consistently reduce mental fatigue and help limit performance decline. Americans are increasingly looking for smarter ways to recharge — without over-caffeinating. Middle Ground, Peet's new Half-Caff blend has been crafted to deliver smooth, balanced energy with less caffeine and all the flavor. Peet's mastery includes perfecting a precise balance of high-quality, water-processed decaf Colombian beans with regular beans from Brazil. This careful sourcing and blending delivers a full-flavored, specialty coffee experience with less caffeine — meeting the growing demand for more mindfully moderate coffee consumption without sacrificing taste. Beginning today, June 3 through June 30, entrants across the U.S.* can officially "apply" online at www.peetscpo.com for the chance to become Peet's first-ever "Chief Playlist Officer" — the honorary role dedicated to helping America power through the 3PM crash with the perfect afternoon soundtrack.To apply, entrants must submit:Their ultimate afternoon "Middle Ground Mix" playlist designed to recharge energy and boost momentum during the 3PM slumpA short explanation sharing why they deserve the title of Peet's "Chief Playlist Officer" and "Head of Half-Caff"Applicants will also share the one song that always gets them moving whenever it comes on and why, with Peet's to reveal the top three songs across all entrants.Grand Prize ExperienceOne grand prize winner will officially earn the title of Peet's first-ever Chief Playlist Officer and receive an all-expenses-paid trip1 with a guest to Chicago to see this summer's top acts, including Olivia Dean, Charlie XCX, Lorde, Tate McRae, John Summit, and more. The winning playlist will be featured as the official 3PM in-coffeebar soundtrack nationwide across Peet's locations. Introducing Peet's Summer Menu Energy Management OptionsPeet's is unveiling a new lineup of limited-time beverages designed to fuel summer days. Cold, refreshing sparkling options, along with Peet's richest iced lattes, offer caffeine and protein, offering new morning rituals, afternoon boosts, or a jumpstart to a workout any time of day.Sparkling Energy Drinks Made with plant-derived caffeine, these beverages deliver a refreshing boost:Sparkling Strawberry Energy — Tangy-sweet strawberry purée with sparkling club soda and plant-derived caffeineSparkling Watermelon Energy — Candy-bright watermelon flavor with sparkling club soda and plant-derived caffeineProtein Oat Lattes Protein Banana Cold Brew Oat Latte — Creamy and dreamy with a double scoop of whey protein, banana purée, oat milk, and cold brew. Approx. 30g of protein.Protein Banana Matcha Oat Latte — Our richest protein latte yet, with two scoops of whey protein, banana purée, oat milk, and ceremonial-grade matcha. Approx. 30g of protein.Peet's summer menu will be available at participating locations nationwide for a limited time from June 3 through August 18.About Peet's Coffee
Peet's is Coffee for Coffee People. Founded in Berkeley, California in 1966 by Alfred Peet, the "Big Bang of coffee," Peet's Coffee® pioneered the artisan movement in the U.S. With rich, complex, superior quality roasts unlike anything Americans ever tasted before, Peet's influenced generations of coffee entrepreneurs and connoisseurs. Today, Alfred Peet's legacy lives on in every Peet's cup whether ordered online, selected at a grocery store or served in any one of the Peet's Coffee locations in the U.S., China and the Middle East. Peet's Coffee is responsibly sourced, per Enveritas standards. For more information, visit www.peets.com. Stay connected to Peet's: @peetscoffee on X, Instagram and Facebook. 1 No purchase necessary. Open to legal U.S. residents 18+. Void where prohibited. "All-expenses-paid" trip subject to official rules and includes only those costs expressly stated therein. Additional expenses are the responsibility of the winner. See full Official Rules at www.peetscpo.comCorrection: The description for the Sparkling Energy drinks has been updated for accuracy. View original content to download multimedia:https://www.prnewswire.com/news-releases/peets-coffee-launches-nationwide-search-for-its-first-ever-chief-playlist-officer-to-beat-americas-3pm-slump-302789432.htmlSOURCE PEET'S COFFEE INC. Original: /C O R R E C T I O N -- PEET'S COFFEE INC./
MiamiGent
14年前
PEET Peet’s Coffee & Tea, Inc. Reports Fourth Quarter and 2011 Year-End Results
PROVIDED BY Business Wire - 4:00 PM 02/14/2012
EMERYVILLE, Calif.--(BUSINESS WIRE)-- Peet’s Coffee & Tea, Inc. today announced its fourth quarter and full-year results for the period ended January 1, 2012.
In this release, the Company:
Reports diluted earnings per share of $0.42 for the fourth quarter and $1.33 for fiscal 2011
Reports non-GAAP diluted earnings per share of $1.49 for fiscal 2011, up 12% compared to fiscal 2010 non-GAAP diluted earnings per share
Reports net revenue growth of 11% for both the fourth quarter and the year
Confirms fiscal 2012 diluted earnings per share guidance of $1.70 to $1.80
Financial Highlights
PEET'S COFFEE & TEA, INC. (PEET)
Financial Highlights
(Unaudited, in thousands, except per share data)
Fourth Quarter % Fiscal Year %
2011
2010
Change
2011
2010
Change
Net revenue, as reported $ 101,623 $ 91,628 11 % $ 371,919 $ 333,808 11 %
Net income per diluted share, as reported $ 0.42 $ 0.48 -13 % $ 1.33 $ 1.28 4 %
Non-GAAP net income per diluted share $ 0.42 $ 0.48 -13 % $ 1.49 $ 1.33 12 %
___________
See “Non-GAAP Financial Information” at the end of this document, including the related reconciliation, for further detail.
For the 13 weeks and 52 weeks ended January 1, 2012, net revenue increased 11% versus the corresponding periods of fiscal 2010.
Diluted earnings per share was $1.33 for fiscal 2011, compared to $1.28 for fiscal 2010. Excluding the litigation- and transaction-related items outlined below, non-GAAP diluted earnings per share increased 12% to $1.49 for fiscal 2011, compared to $1.33 for fiscal 2010.
“Despite record high coffee costs since becoming a public company, we finished fiscal 2011 with diluted earnings per share toward the higher end of our stated range, consistent with previous guidance,” said Patrick O’Dea, president and CEO of Peet’s Coffee & Tea. “Our sales growth continues to be strong, led by our grocery business, which grew 29% in the quarter and 30% for the year. Our performance in 2011 is a testament to our brand’s premium-quality, premium-priced position in the market and the strength of our team. With pricing in place, visibility to our 2012 coffee costs, and already established growth strategies underway, we are well positioned to achieve our goals for this year. I believe this, in combination with the many new growth opportunities in our pipeline, bodes well for our long-term growth prospects.”
Non-GAAP Information
Net income and diluted earnings per share for fiscal 2011 include $3.3 million ($0.16 per diluted share) of expenses associated with a class action lawsuit, including anticipated settlement and legal costs. These costs are reflected in the consolidated statements of income as Litigation-related expenses.
Net income and diluted earnings per share for fiscal 2010 include $1.0 million ($0.05 per diluted share) of legal and related expenses incurred by the Company for its response to the subpoena it received from the Federal Trade Commission (FTC) in connection with the FTC’s anti-trust review of the acquisition of Diedrich Coffee by Green Mountain Coffee Roasters. These costs are reflected in the consolidated statements of income as Transaction-related expenses.
Fourth Quarter Consolidated Financial and Operating Summary
Retail net revenue increased 3% to $56.5 million for the 13 weeks ended January 1, 2012, from $54.7 million for the corresponding period last year. The increase was driven by a 6% rise in sales of beverages and pastries. The Company opened two stores in the quarter, ending the year with 196 stores versus 192 stores at the end of fiscal 2010.
Specialty net revenue increased 22% to $45.1 million for the 13 weeks ended January 1, 2012, compared to $36.9 million for the corresponding period last year. Within specialty, grocery sales were up 29% over last year, foodservice and office sales grew 20%, and home delivery sales were flat.
Cost of sales and related occupancy expenses increased as a percent of total net revenue to 52.7% for the quarter, compared to 45.7% for the corresponding period last year. The increase resulted primarily from higher coffee costs and, to a lesser extent, higher milk costs and a mix shift towards the specialty business, which has a higher cost of sales. Price increases across the channels and lower shipping expenses partially offset the impact of these higher costs.
Operating expenses decreased as a percentage of net revenue to 28.2%, compared to 30.9% for the corresponding period last year. The decrease was due to a favorable mix shift towards the specialty business, the impact of price increases across all channels, leveraging of overhead expenses, and cost efficiencies in both our retail stores and our direct store delivery system.
General and administrative expenses decreased as a percentage of net revenue to 6.7%, compared to 8.0% for the corresponding period last year. General and administrative expenses decreased to $6.8 million from $7.3 million for the corresponding period last year, primarily due to lower payroll costs and outside services.
Depreciation and amortization expenses decreased as a percentage of net revenue to 3.9%, compared to 4.3% for the corresponding period last year. Depreciation and amortization expenses were $3.9 million for the quarter, consistent with the corresponding period last year.
Cash and cash equivalents plus short-term and long-term marketable securities were $35 million at the end of fiscal 2011, compared to $49 million at the end of fiscal 2010.
Fiscal 2012 Outlook
Looking ahead, Peet’s confirmed the following fiscal 2012 guidance:
Total net revenue growth of around 10%
Diluted earnings per share in the range of $1.70 to $1.80
Peet’s Coffee & Tea, Inc. Q4 and 2011 Year-End Conference Call
Peet’s will discuss its fourth quarter and fiscal year 2011 results via conference call today, February 14, 2012. The teleconference call will begin at 2:00 p.m. PT/5:00 p.m. ET and can be accessed by calling 866-748-8653. The call will be simultaneously webcast on the Investor Relations portion of Peet’s website, under Media Events: http://investor.peets.com/events.cfm.
A replay of the teleconference will be available from 5:00 p.m. PT/8:00 p.m. ET on February 14, 2012, until 8:59 p.m. PT/11:59 p.m. ET on February 21, 2012, at 404-537-3406 or 855-859-2056, using access code 43013095. The replay will also be archived at http://investor.peets.com/events.cfm through February 14, 2013, at 8:59 p.m. PT/11:59 p.m. ET.
The Company has posted on its website at http://investor.peets.com/events.cfm a detailed reconciliation of non-GAAP net income and non-GAAP net income per diluted share as well as non-GAAP operating income and margin on a total company and segment basis.
About Peet’s Coffee & Tea, Inc.
Peet’s Coffee & Tea, Inc. is the premier specialty coffee and tea company in the United States. The company was founded in 1966 in Berkeley, Calif. by Alfred Peet. Peet was an early tea authority who later became widely recognized as the grandfather of specialty coffee in the United States. Today, Peet’s Coffee & Tea offers superior quality coffees and teas in multiple forms, by sourcing the best quality coffee beans and tea leaves in the world, adhering to strict high quality and taste standards, and controlling product quality through its unique direct store delivery selling and merchandising system. Peet’s is committed to strategically growing its business through many channels while maintaining the extraordinary quality of its coffees and teas. For more information about Peet’s Coffee & Tea, Inc., visit www.peets.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release and the related conference call contain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “projects,” “guidance” and similar expressions are intended to identify such forward-looking statements, which include statements relating to 2012 forecasted net revenue, 2012 forecasted diluted earnings per share, the Company’s ability to achieve its 2012 goals, opportunities for new growth, and long-term prospects. Forward-looking statements are based on management’s current beliefs, as well as current assumptions made by and information currently available to management, including financial and operational information, coffee and other commodity price expectations, the Company’s stock price volatility, and current competitive conditions.
These forward-looking statements are not guarantees of future performance and are subject to inherent risks and uncertainties, including risks and uncertainties beyond the Company’s control or difficult to predict. Therefore, actual results and outcomes may differ materially from what is expressed or forecasted in such forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: general economic conditions, including the recent recession and its ongoing negative impact on consumer spending; other factors impacting demand for specialty coffee, including consumers’ tastes and preferences; volatility of coffee and other commodity costs; the availability and cost of high-quality Arabica coffee beans; current and potential future claims and litigation involving the Company and the Company’s ability to manage its expenses related to such claims and litigation; the Company’s ability to implement its business strategy, attract and retain customers, obtain and expand its market presence in new geographic regions, and develop and maintain its brand; competition; and disruption of its roasting and distribution facility operations as well as other risk factors, as described more fully in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended January 2, 2011. These factors may not be exhaustive and other unpredictable or unknown factors could also have material adverse effects on forward-looking statements. Additionally, the Company operates in a continually changing business environment, and new risks and uncertainties emerge from time to time.
All forward-looking statements in this press release and the related conference call are qualified by these cautionary statements.
PEET’S COFFEE & TEA, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except share amounts)
January 1,
2012
January 2,
2011
ASSETS
Current assets
Cash and cash equivalents $ 30,755 $ 44,629
Short-term marketable securities 3,800 4,183
Accounts receivable, net 20,522 14,852
Inventories 54,265 33,534
Deferred income taxes - current 5,041 4,420
Prepaid expenses and other 9,368 7,798
Total current assets 123,751 109,416
Long-term marketable securities 888 -
Property, plant and equipment, net 89,304 97,279
Other assets, net 1,328 2,137
Total assets $ 215,271 $ 208,832
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable and other accrued liabilities $ 11,547 $ 9,138
Accrued compensation and benefits 10,283 11,555
Deferred revenue 7,382 7,102
Total current liabilities 29,212 27,795
Deferred income taxes - non current 367 46
Deferred lease credits 6,668 7,023
Other long-term liabilities 1,068 1,468
Total liabilities 37,315 36,332
Shareholders' equity
Common stock, no par value; authorized 50,000,000 shares;
issued and outstanding: 13,136,000 and 13,063,000 shares 69,664 81,995
Accumulated other comprehensive income 2 2
Retained earnings 108,290 90,503
Total shareholders' equity 177,956 172,500
Total liabilities and shareholders' equity $ 215,271 $ 208,832
PEET’S COFFEE & TEA, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited, in thousands, except per share amounts)
Thirteen weeks ended
Fifty-two weeks ended
January 1,
2012
January 2,
2011
January 1,
2012
January 2,
2011
Retail stores $ 56,547 $ 54,694 $ 214,270 $ 205,116
Specialty sales 45,076 36,934 157,649 128,692
Net revenue 101,623 91,628 371,919 333,808
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