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Coffee Holding Co., Inc. Reports Results for Three Months Ended January 31, 2018

COFFEE HOLDING CO (JVA)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: coffeeholding.com
PDF STATEN ISLAND, N.Y., March 07, 2018 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (Nasdaq:JVA) (the “Company” or “Coffee Holding Company”) today announced its operating results for the three months ended January 31, 2018. Net Sales. Net sales totaled $22,083,219 for the three months ended January 31, 2018, an increase of $2,450,852, or 12.5%, from $19,632,367 for the three months ended January 31, 2017. The increase in net sales reflects a gain of approximately $4.4 million in sales of branded and private label coffee to both new and existing customers. Cost of Sales. Cost of sales for the three months ended January 31, 2018 was $18,287,657, or 82.8% of net sales, as compared to $16,500,776, or 84.1% of net sales, for the three months January 31, 2017. Cost of sales consists primarily of the cost of green coffee and packaging materials and realized and unrealized gains or losses on hedging activity. The increase in cost of sales reflects the change in the product mix as compared to [Read more]

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