Coffee Holding Co., Inc. Reports an Approximately 19% Increase in Net Sales During Third Quarter of 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
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Should l Buy JVA?
Source: Newsfilter
Financial Performance: Coffee Holding Co., Inc. reported a net sales increase of 19% to $18.8 million for the quarter ending July 31, 2024, with a net income of $626,796 compared to a loss of $111,881 in the same period last year, attributed to new private label customers and improved gross margins.
Operational Highlights: The company reduced its line of credit by over $7 million, resulting in significant interest savings, and emphasized ongoing efforts to enhance shareholder value following the termination of a previous transaction.
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Analyst Views on JVA
About JVA
Coffee Holding Co., Inc. is an integrated wholesale coffee roaster and dealer located in the United States. The Company’s core products can be divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee. Wholesale Green Coffee is unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators. Private Label Coffee is coffee roasted, blended, packaged and sold under the specifications and names of others, including supermarkets that want to have their own brand name on coffee to compete with national brands. Branded Coffee is a coffee roasted and blended to its own specifications and packaged and sold under its eight proprietary and licensed brand names in different segments of the market. Its private label and branded coffee products are sold throughout the United States and certain countries in Asia to supermarkets, wholesalers and individually owned and multi-unit retail customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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