- Coffee Holdings (JVA +1.1%) reported full results for the fiscal year last week.
- The company says sales came in at $78.948M and net income was $2.212M.
- Gross profit improved to 15% of sales for the year vs. +5% for the prior year.
- "A combination of improved margins, a 26% jump in revenues from our JV Generations Coffee LLC combined with increased sales of our Hispanic brand espresso Café Caribe enabled us to show a strong increase in our profitability despite a 33% decrease in revenues year over year. The decline in revenues was from a single customer and was not unexpected," said CEO Andrew Gordon.
- Shares of Coffee Holdings are down 3% YTD and sit 27% below their 52-week high.