In this release, the company:
For the 13 weeks ended 28 June 2009, net revenue increased 5% to $73.6m from $70.1m for the corresponding period last year.
Net income for the quarter was $3.4m, or $0.26 per diluted share, compared to $3.0m, or $0.21 per diluted share, for the corresponding period last year.
“I’m very pleased with our performance,” said Patrick O’Dea, CEO and president of Peet’s Coffee & Tea. “In a weak economy, we’re delivering strong earnings per share growth, up 24% this quarter and 36% in the first half of this fiscal year. This is a testament to the strength of our brand, our people, and the infrastructure we’ve built.
“We’ll continue to leverage these strengths into the second half of this year as we gain some momentum on our base business and begin to drive new growth with the national launch of Godiva medium roast and flavoured coffees.”
Source: Peet’s Coffee & Tea
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