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

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Coffee stock #4: Peet's Coffee & Tea (PEET)
Aug 09, 2009 04:00 PM UTC

Louis Navellier

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Symbol	Sentiment	Start	Return	Closed
PEET		08/09/09	+35.00%	02/21/10

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Filed under: Stocks to Buy

peet's coffee top stocks On 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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