Brief: Coffee Holding Co Q3 Earnings Per Share $0.02

Coffee Holding

13/09/2019 14:12

Sept 13 (Reuters) - Coffee Holding Co Inc  JVA.O :
    * COFFEE HOLDING CO., INC. REPORTS RESULTS FOR THREE AND
NINE
MONTHS ENDED JULY 31, 2019
    * Q3 EARNINGS PER SHARE $0.02
    * Q3 SALES FELL 7.8 PERCENT TO $21.59 MILLION
    * COFFEE HOLDING -  DECREASE IN NET SALES REFLECTS LOWER
SELLING
PRICE OF COFFEE DURING THE PERIOD FROM CONTINUED DEPRESSED PRICE
OF GREEN COFFEE MARKET
    * DURING QUARTER, DECREASE IN SALES WAS ALMOST ENTIRELY
RESULT OF
A DECLINE IN SALES TO FORMER LARGEST GREEN COFFEE CUSTOMER
    * COFFEE HOLDING - LOW COFFEE PRICES, STEEL TARIFFS,
COMPETITIVE
PRESSURE AT GROCERY STORE LEVEL CONTINUE TO ERODE EARNINGS
POTENTIAL IN NEAR TERM

Source text for Eikon:  ID:nGNX5RWCTc 
Further company coverage:  JVA.O 

 ((Reuters.Briefs@thomsonreuters.com;))