Peet's Coffee & Tea, Inc.(PEET)- NASDAQ
PEET is defunct.
  • Aug. 2, 2012, 6:22 PM
    Peet's Coffee & Tea (PEET): Q2 EPS of $0.30 misses by $0.03. Revenue of $95.4M (+5.3% Y/Y) misses by $2M. Shares -2.2% AH. (PR)
    | Aug. 2, 2012, 6:22 PM
  • Jul. 23, 2012, 9:06 AM

    Peet's Coffee (PEET) is being acquired by German holding company Joh A. Benckiser for $73.50/share in cash, or $1B. The price represents a 28.6% premium to Peet's Friday close. Shares are halted. SBUX -3.1%, lower with the market. GMCR +5.4%. JVA +16.4%. DNKN could also be volatile.

    | Jul. 23, 2012, 9:06 AM | 8 Comments
  • Jul. 2, 2012, 12:15 PM

    Coffee names fall out of favor with investors as Green Mountain Coffee Roasters (GMCR -1.6%), Starbucks (SBUX -1.4%), Peet's (PEET -2.9%), and Coffee Holding (JVA -1.5%) all rack up losses for the day. It's the demand side of the supply and demand matrix that draws concern, with the conventional wisdom that says consumers will pay premium prices for coffee through thick and thin starting to get turned on its head.

    | Jul. 2, 2012, 12:15 PM | 4 Comments
  • Jun. 22, 2012, 2:07 PM
    Shares of Peet's (PEET -4.3%) continue to stumble on concerns that the company will miss out on bagged coffee sales as the single-serve market matures. Valuation compared to peers has also raised a few eyebrows, after Green Mountain Coffee Roasters lowered the bar for the sector.
    | Jun. 22, 2012, 2:07 PM
  • Jun. 21, 2012, 12:24 PM
    Coffee stocks trade lower as a group after arabica coffee futures march up and analysts say uncooperative weather in India could cut into this year's harvest and potential export tallies from the nation: Decliners: GMCR -5.1%, JVA -1.6%, SBUX -1.4%, PEET -7.3%.
    | Jun. 21, 2012, 12:24 PM | 1 Comment
  • May 11, 2012, 10:53 AM

    Coffee stocks trade higher after reports from Brazil on this year's Arabica crop point to lower wholesale prices. Advancers: SBUX +1.4%, PEET +0.2%, DNKN +2.5%, CBOU +2.1%.

    | May 11, 2012, 10:53 AM | 1 Comment
  • May 2, 2012, 11:01 AM

    Peet's Coffee (PEET -5.5%) slumps after its Q1 report lands with a thud. The company blames the higher price of coffee beans for its narrower-than-expected quarterly profit. On tap for after the bell is an earnings report from GMCR to see how it absorbed coffee price inflation and an update on if K-Cup sales are percolating.

    | May 2, 2012, 11:01 AM
  • Feb. 14, 2012, 6:02 PM

    More on Peet's Coffee's Q4: Growth driven by the company's grocery business, +29% Y/Y. Retail revenue up only 3% Y/Y, possibly a sign of tough competition from Starbucks. Cost of sales were 52.7% of revenue, up 700 bps Y/Y, mostly due to higher coffee costs. Peet's is guiding for 2012 revenue growth of 10% (9.9% consensus) and EPS of $1.70-$1.80 ($1.79 consensus). PEET -4.1% AH. (PR)

    | Feb. 14, 2012, 6:02 PM | 1 Comment
  • Feb. 3, 2012, 11:54 AM
    Peet's Coffee (PEET +7.3%) gets a boost from an upgrade to Outperform on valuation at Baird, citing potential earnings growth acceleration in the second half of 2012.
    | Feb. 3, 2012, 11:54 AM
  • Nov. 9, 2011, 5:40 PM
    Green Mountain's (GMCR) FQ4 disaster (I, II, III) is taking a toll on some other coffee stocks. JVA -9%. PEET -4.2%. SBUX -0.7%. GMCR now -32.1%.
    | Nov. 9, 2011, 5:40 PM
  • Nov. 2, 2011, 1:46 PM

    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%.

    | Nov. 2, 2011, 1:46 PM
  • Sep. 29, 2011, 1:56 PM
    Today is National Coffee Day, and what better way to celebrate than to check in on the performance of five coffee stocks taking advantage of Americans' 400M cup-a-day addiction (slideshow) to the drink and the chains that serve it. YTD returns: GMCR +200%, JVA +133%, PEET +34%, CBOU +24%, SBUX +22%.
    | Sep. 29, 2011, 1:56 PM | 2 Comments
  • Sep. 28, 2011, 11:57 AM

    Production of robusta coffee looks set to ramp up right along with arabica beans, as coffee prices could move even lower with stockpiles continuing to recover from last year's shocks. Will Starbucks (SBUX +0.3%) follow the path of SJM and KFT with lower consumer prices or reap margin gains as it restocks inventory?

    | Sep. 28, 2011, 11:57 AM
  • Aug. 22, 2011, 10:33 AM

    A survey of large coffee-producing countries indicates this year's harvest could be the largest in 3 years, and push prices lower. Industry insiders attribute the improved yield to better farming practices and coordinated programs. Coffee stocks: SBUX +2.5%, GMCR +6%, PEET +1.8%, JVA +4.6%.

    | Aug. 22, 2011, 10:33 AM | 1 Comment
  • Jul. 28, 2011, 1:37 PM

    Starbucks (SBUX +4%), Peet's Coffee (PEET +2.7%), and Dunkin' Brands (DNKN +3.4%) are joining Coffee Holding Co. (JVA +22.1%) in trading higher due to Green Mountain's (GMCR +19%) blowout Q3 and strong guidance. Four analysts are lifting their targets on Green Mountain to the $120-$125 range, as a short squeeze helps fuel today's rise. (PR) (transcript)

    | Jul. 28, 2011, 1:37 PM | 2 Comments
Company Description
Peet’s Coffee & Tea is a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea. We sell our coffee under strict freshness standards through multiple channels of distribution including grocery stores, home delivery, office, restaurant and foodservice accounts and... More
Industry: Processed & Packaged Goods
Country: United States