PEETS COFFEE & TEA (NASDAQ:PEET)

WEB NEWS

Sunday, February 22, 2009

Research

Guidance Report: (Non-China)

Full Year Fiscal 2009 Guidance Ending December

  2009 Guidance 2008 Reported Period Change
GAAP Revenue     10% to 13%
GAAP EPS $0.94 to $1.00 $0.80 17.5% to 25%

'Clearly, 2009 will be a challenging year for all businesses,' said O'Dea. 'I believe, however, we are better positioned than most to continue delivering strong earnings growth. We expect our margins to continue to improve as we leverage the past investments we've made in our people, the plant and infrastructure. In addition, we have a strong balance sheet with $13 million of cash and no debt. Most importantly, our commitment to truly distinctive quality coffees and teas has garnered us a highly loyal customer following, which is a real asset in times like these.'

Source: PR Newswire (February 12, 2009)



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