The discussion of growth plans came during a conference callwith financial analysts. In its quarterly financial statement forthe period ending April 2, the chain reported that it earned netincome of $2.3 million, or 16 cents a share, compared with $2.4million and a penny a share more for the same quarter last year.Sales climbed 24.3% on a year-to-year basis to reach $49.7million.

The chain expects to open at least 23 and up to 28 new storesduring the year. The company's growth plans include a new roastingfacility for which it broke ground recently.

Patrick O'Dea, president and CEO, declared the company pleasedwith the quarterly results, citing "consistently strong sales andprofit" that will enable the chain to invest for the long term,including new store openings. During the latest quarter, it openedtwo new stores, bringing the company's total of locations toapproximately 113.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.