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Coffee stock #4: Peet's Coffee & Tea (PEET)

 Aug 09, 2009 04:00 PM UTC
Return Risk
+4.25% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
PEET Positive 08/09/09 +37.68% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy

peet's coffee top stocksOn Tuesday, July 28, the Northern California-based Peet's Coffee & Tea (NASDAQ: PEET) reported a quarterly profit that beat Wall Street estimates.


The company cited a combination of tighter cost controls and higher sales at its specialty business as chief reasons for the better-than-expected results.


For the second quarter ended June 28, net income rose to $3.4 million, or 26 cents per share, from $3 million, or 21 cents per share, one year ago. Revenue rose 5% to $73.6 million.

Continue reading Coffee stock #4: Peet's Coffee & Tea (PEET)

Coffee stock #4: Peet's Coffee & Tea (PEET) originally appeared on BloggingStocks on Sun, 09 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

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