Coffee Holding Q2 net sales fall on lower coffee prices

Coffee Holding Co

Yesterday 22:12

Overview
US coffee roaster's fiscal Q2 net sales fell 5% yr/yr due to lower green coffee prices
Gross profit and net income declined as pricing pressures weighed on profitability
Company expects improved margins ahead as input costs fall and new business is added

Outlook
Company expects to maintain profitability for the balance of 2026
Coffee Holding plans to reduce inventories over the next several months
Company anticipates increased margins from new business and lower input costs

Result Drivers
DECLINING COFFEE PRICES - Company said a rapid 25% drop in green coffee prices led to lower selling prices and reduced sales volumes as customers delayed purchases
INCREASED PROMOTIONS - Company increased promotional activity and reduced prices for wholesale and retail customers to maintain sales forecasts
HIGHER INPUT COSTS - Higher product and packaging costs pushed cost of sales as a percentage of net sales slightly higher

Company press release: ID:nGNX6DbgYM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Sales
 
$22.1 mln
 
Q2 EPS
 
$0.05

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)