Peet's Coffee (PEET -4.9%) sells off following its Q3 report. Revenue of $91.2M (+14% Y/Y) and...

|About: Peet's Coffee & Tea, Inc. (PEET)|By:, SA News Editor

Peet's Coffee (PEET -4.9%) sells off following its Q3 report. Revenue of $91.2M (+14% Y/Y) and EPS of $0.28 beat by $1.5M and $0.01, with growth driven by a 38% increase in grocery sales. However, Peet's guidance for 2011 EPS of $1.40-$1.50 ($1.50 consensus) and 2012 EPS of $1.70-$1.80 ($1.80 consensus) isn't being received well. Also moving lower: GMCR -2%. DNKN -1%.