Coffee Holding Co. (JVA) Reports Q1 EPS of $0.07
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Coffee Holding Co., Inc. Reports Results for Three Months Ended January 31, 2016
March 11, 2016 9:00 AM ESTSTATEN ISLAND, NY -- (Marketwired) -- 03/11/16 -- Coffee Holding Co., Inc. (NASDAQ: JVA) (the "Company") today announced its operating results for the three months ended January 31, 2016:
Net sales totaled $22,805,397 for the three months ended January 31, 2016, a decrease of $15,600,582, or 40.62%, from $38,405,979 for the three months ended January 31, 2015. The decrease in net sales reflects lower coffee prices during the quarter and our reduced wholesale transactions with Keurig Green Mountain, Inc. ("GMCR") of approximately $15,541,000.
Cost of sales for the three months ended January 31, 2016 was $20,154,348, or 88.38% of net sales, as compared to $36,484,535, or 95.0% of net... More
