Brief: Coffee Holding Co Reports Q3 Sales Of $23.44 Million

Coffee Holding

14/09/2018 14:16

Sept 14 (Reuters) - Coffee Holding Co Inc  JVA.O :
    * COFFEE HOLDING CO., INC. REPORTS RESULTS FOR THREE AND
NINE
MONTHS ENDED JULY 31, 2018
    * Q3 EARNINGS PER SHARE $0.00
    * Q3 SALES ROSE 30.4 PERCENT TO $23.44 MILLION
    * COLLAPSE OF 21% IN PRICE OF COFFEE HAD A MATERIALLY
DEPRESSING
EFFECT ON BOTH OUR QTRLY REVENUES AND PROFITABILITY
    * COFFEE HOLDING - COLLAPSE IN COFFEE PRICES IN QUARTER CAN
BE
ATTRIBUTED TO MANY EXTERNAL FACTORS; TARIFF CONCERNS, COLLAPSE
IN EMERGING MARKET CURRENCIES
    * COFFEE HOLDING - DURING QUARTER, EXPERIENCED INCREASED
FREIGHT &
SHIPPING COSTS, AS WELL AS HIGHER PRICES FOR CANS DUE TO
RECENTLY IMPOSED STEEL TARIFFS
    * COFFEE HOLDING - BELIEVE WILL SEE INCREASED PROFITABILITY
ONCE
GREEN COMMODITY & SHIPPING COSTS NORMALIZE

Source text for Eikon:  ID:nGNX9YQDjF 
Further company coverage:  JVA.O 

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