Coffee Holding Q3 Net Sales Dip 9% but EPS Swings to $0.35 on Tariff Refunds
JVA sits 25% above its 52-week low of $2.93.
Summary
Coffee Holding reported Q3 net sales of $21.7 million, down 9% year-over-year due to lower green coffee prices, but swung to net income of $2.0 million ($0.35 per share) from a $1.2 million loss a year ago. Gross profit rose on favorable inventory costs and trading gains, while tariff refunds boosted profitability. Management expects additional tariff refunds to enhance earnings over the next two quarters and sees continued volatility in green coffee markets. This follows the 8-K filed earlier today confirming the earnings figures and the recent CEO salary restoration. The company believes it is positioned to grow revenue, gross margins, and profitability through 2026 and into 2027.
At the time of this announcement, JVA was trading at $3.65 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $19.6M. The 52-week trading range was $2.93 to $5.63. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.