Peet’s Coffee Makes Fat Wad of Cash

Hey, look who’s defying the national economic trends? While even Starbucks is closing six hundred stores, the East Bay’s very own Peet’s Coffee has recorded a seventeen percent jump in sales. In fact, according to the East Bay Business Times, the company almost doubled its profits, posting $3 million in net income, up from $1.8 million in the same period last year. Not bad.