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Stock impact report

Coffee Holding Co., Inc. Reports Year End Results

Coffee Holding Co., Inc. (JVA) 
US:NASDAQ Investor Relations: coffeeholding.com
Company Research Source: GlobeNewswire
Year End Results STATEN ISLAND, New York, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company”) today announced its operating results for the fiscal year ended October 31, 2019: The Company had net loss of $94,598 or ($0.02) per share basic and diluted, for the fiscal year ended October 31, 2019 compared to a net income of $1,059,276, or $0.19 per share basic and diluted for the fiscal year ended October 31, 2018. The decrease was primarily attributable to the reasons described below. Net sales totaled $86,467,432 for the fiscal year ended October 31, 2019, a decrease of $4,187,862, or 4.6%, from $90,655,294 for the fiscal year ended October 31, 2018. The decrease in net sales reflects the lower selling price of coffee during the year due to the continued depressed price of the green coffee market. Cost of sales for the fiscal year ended October 31, 2019 was $70,708,100, or 81.8% of net sales, as compared to $75,040,802, or 82.8% of net Show less Read more
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