Brief: Coffee Holding Made Certain Errors In Presentation Of Net Sales & Cost Of Sales In Consolidated Statement Of Operations For FY Ended Oct 31, 2020

Coffee Holding

25/01/2023 23:22

Jan 25 (Reuters) - Coffee Holding Co Inc  JVA.O :
    * COFFEE HOLDING -  MADE CERTAIN ERRORS IN PRESENTATION OF
NET
SALES & COST OF SALES IN CONSOLIDATED STATEMENT OF OPERATIONS
FOR FY ENDED OCT 31, 2020
    * COFFEE HOLDING - WILL THEREFORE RESTATE ITS PREVIOUSLY
FILED
ANNUAL FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER
31, 2020
    * COFFEE HOLDING CO- EFFECT OF ERRORS EXPECTED TO BE
OVERSTATEMENT
OF NET SALES, COST OF SALES IN CONSOLIDATED STATEMENT OF
OPERATIONS OF ABOUT $8.3 MILLION
    * COFFEE HOLDING - ERRORS & RESTATEMENT HAD NO EFFECT ON NET
INCOME, EPS, OTHER ITEMS IN CONSOLIDATED STATEMENT OF OPERATIONS
FOR YEAR ENDED OCT 31, 2020
    * COFFEE HOLDING - ERRORS & RESTATEMENT HAD NO EFFECT ON
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF CHANGES IN
STOCKHOLDERS’ EQUITY

Further company coverage:  JVA.O 
 ((Reuters.Briefs@thomsonreuters.com;))