Peet's Coffee & Tea Cooling

Tags: peet
3 Dec 1:22am
Posted by ZacksResearch
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Peet's Coffee & Tea (PEET) is a growth company in the premium coffee and tea industry. Management is implementing a growth strategy based on product quality and expansion through multiple channels of distribution.

The company has exhibited consistent revenue growth since 2002; hence, the stock trades at a premium P/E. Though higher commodity costs are pressuring margins, management has been able to continue expanding the gross margin through procurement savings and pricing.

The Hold rating is retained since management continues to lower the high-end of EPS guidance.

Read the full analyst report on PEET




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