Dollar figures in thousands, except per share; parentheses denote losses.
Tully’s Coffee
Coffee retailer
Dec. 30
Dec. 31
%
3rd QTR
2007
2006
CHG
Profit
($2,423)
($2,767)
+12.4
Per share
(0.77)
(1.20)
+35.8
Net sales
19,625
16,049
+22.3
9 MOS
2007
2006
CHG
Profit
($7,899)
($7,374)
-7.1
Per share
(2.82)
(3.27)
+13.8
Net sales
54,625
46,565
+17.3
COMMENT: Same-store sales rose 8.8 percent from a year ago. The Seattle company has borrowed $10.6 million in two credit facilities, both of which are due before Sept. 1. By then, the company said it needs to raise equity capital, replace the credit facilities with others or renew them. Earlier this month, Tully’s said it had hired an investment bank to help evaluate options for the future, including raising capital and other possible sources of funding. Tully’s is not publicly traded but must make regulatory filings because it has thousands of shareholders.