EMERYVILLE, Calif.—Specialty coffee retailer Peet's Coffee & Tea Inc. said Thursday its 2008 revenue could fall below Wall Street analysts' estimates.
The company said it expects sales to rise near the low end of its previous guidance for 17 percent to 20 percent growth.
That guidance implies sales between $286.8 million and $299.3 million. Analysts polled by Thomson Financial expect revenue of $291.6 million.
Shares fell 8 cents to $23.89 in after-hours trading. During regular trading, shares rose 74 cents, or 3.2 percent, to close at $23.97.
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