earnings
confidence high
sentiment positive
materiality 0.70
Coffee Holding swings to Q3 profit of $1.99M; revenue falls 9.3% YoY
COFFEE HOLDING CO INC
- Net sales $21.69M, down 9.3% from $23.91M YoY on lower green coffee prices.
- Gross profit $5.42M (25.0% margin) vs $2.26M (9.4%) a year ago; driven by favorable inventory, tariff refunds.
- Net income $1.99M or $0.35 per share vs net loss of $1.21M ($0.21/sh) in prior-year quarter.
- CEO expects additional tariff refunds to boost earnings over the next two quarters.
- Company cites volatile coffee market, but retains 100% of roasted customer base.