Friday, November 2, 2007

Peet's Reports Profit Jump

Emeryville Peet's Coffee & Tea Inc. reported sales jumped 20 percent to $60.9 million during the third quarter ended Sept. 30 compared with $50.9 million during the same period last year.

Earnings rose to $1.84 million or 13 cents per share, a 24 percent increase compared with $1.48 million or 11 cents per share during the third quarter in 2006.

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