Coffee Holding Co. (NASDAQ: JVA) is surging early (+51%) after the company reported Q2 EPS of $0.14, versus ($0.33) reported last year. Revenue for the quarter came in at $21.41 million, versus $30.26 million reported last year.

The decrease in net sales reflects lower coffee prices during the quarter and our reduced wholesale transactions with Keurig Green Mountain, Inc. of approximately $8,158,000.

"We are again pleased to report positive results to our shareholders as we have now successfully achieved four consecutive profitable quarters. Although coffee prices continue to remain at levels where we do on occasion encounter outside competitive pressures, we still improved our profitability in our three key existing business areas. We have increased our efforts in moving away from a focus on commodity type sales of wholesale green coffee to a renewed focus by our green coffee sales team on branding, farm identification, traceability and sales of specialty gourmet micro lots of Arabica coffees, which has helped us sustain and improve our margins during a period of historically low green coffee prices. In addition, sales of our flagship brand, Caf Caribe, continue to increase in both existing and new markets, including our anticipated initial roll-out by Wal-Mart at an expected 400 stores later this month as well as an expected additional roll-out by a large regional supermarket chain at an expected 200 stores later this summer," commented Andrew Gordon, the Company's President and Chief Executive Officer.

"Additionally, sales of our tea line and both green and roasted coffee sales into China continue to generate limited revenues on a quarterly basis, but we believe that patience with both of these initiatives is important as we continue to develop them on a firm foundation rather than a hurry to market strategy, which we do not believe will be successful in the long run," continued Mr. Gordon.

"I know that our stockholders remain disappointed with our current share price but we believe we continue to make strides in the right direction," added Mr. Gordon. "We expect to continue to support our stock through strategic use of our existing buyback program and more importantly through future operating results and the operation of our business over the next several quarters," concluded Mr. Gordon.

For earnings history and earnings-related data on Coffee Holding Co. (JVA) click here.