24/7 Market News Snapshot 03 February, 2025 – Coffee Holding Co., Inc. (NASDAQ:JVA)

February 3, 2025

DENVER, Colo., 03 February, 2025 (247marketnews.com) – (NASDAQ:JVA) are discussed in this article.
Coffee Holding Co., Inc. (NASDAQ:JVA) has reported remarkable operating results for the fiscal year ending October 31, 2024, marking a 15% increase in net sales compared to the previous year. The positive trajectory demonstrates robust demand for Coffee Holding’s offerings and the effectiveness of its operational strategies. Additionally, the company’s gross margins have risen significantly from 16% to 20%, underscoring its ability to maintain profitability amid challenging economic conditions.

The fiscal year concluded with a net income of $2,245,132, translating to $0.39 per share, a strong turnaround from a previous net loss of $835,576, or ($0.15) per share in 2023. The company adeptly navigated high green coffee prices, which averaged over $2.00 per pound throughout the year. Coffee Holding’s diversified product mix played a crucial role in driving profitability among wholesale green coffee customers while minimizing margin compression for private label clients.

Andrew Gordon, President and CEO of Coffee Holding, emphasized the strategic response to inflationary pressures, stating that the company delayed price adjustments for supermarket and wholesale customers until major national brands followed suit. This approach positioned the company for revenue recovery in the latter part of fiscal Q4 2024.

Furthermore, Coffee Holding took decisive steps to enhance its balance sheet, successfully reducing its debt and negotiating advantageous lease terms, projected to save approximately $72,000 annually. Looking ahead to fiscal year 2025, the company anticipates capitalizing on these improvements and the ongoing growth of its revenue streams.

With a rich heritage dating back to 1971, Coffee Holding Co., Inc. remains a prominent player in the wholesale coffee industry, committed to providing a diverse array of products that cater to evolving consumer preferences while consistently delivering shareholder value.

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