Noticias y eventos de Coffee Holding Co Inc (JVA)JVACoffee Holding Co Inc

Company Reports Q1 Revenue of $25.6M

Reports Q1 revenue $25.6M vs. $21.3M last year. "With the majority of the tariff fees and expenses behind us, combined with the efficiencies of operating only one east coast manufacturing facility instead of two, we were able to markedly improve our profitability this quarter. Sales remain strong in all three business segments; private label, branded sales, and sales of green unroasted beans to smaller regional roasters" said Andrew Gordon, President and CEO of the Company. "Although coffee markets continue to remain volatile and the macro-economic situation is facing new challenges, we believe that our core businesses remain strong and we should be able to continue to deliver positive results to our shareholders."

Company Reports FY25 Revenue of $96.3M, Up 23% YoY

Reports FY25 revenue $96.3M, up 23% y/y. The company states: "Although we successfully increased our revenues by 23% during a turbulent period of market volatility, tariffs and consumer unhappiness with higher retail prices, our net income was negatively affected for multiple reasons. The impact of tariffs during the second half of fiscal 2025 resulted in a negative cash balance of approximately $1 million as we attempted to shield our largest wholesale and retail customers from these tariffs. Had these costs from tariffs been passed on, it would have increased our selling price to the end consumer and possibly made us uncompetitive compared to the national brands at store level. Now, with the tariffs on coffee imports eliminated, we do not anticipate a repeat of this cost imbalance in fiscal 2026. In addition to the tariffs, our first full year of integrating and operating our new venture, Empire Coffee Company, resulted in an aggregate loss of over $1 million. The integration of Empire Coffee Company through our subsidiary, Second Empire, LLC, was a disappointment as it took several months longer than expected to win back Empire Coffee Company's customers and to set up and manufacture existing Coffee Holding products at the acquired facility. With the closing of the Comfort Foods facility in October of 2025, we believe we will achieve the economies of scale from an operational and manufacturing standpoint that we envisioned when we decided to acquire the Empire Coffee facility. Moving into fiscal 2026, we believe that without these headwinds faced during the previous fiscal year, we should see expanded gross margins on our retail and wholesale business, especially our flagship brand, Cafe Caribe."

Coffee Holding reveals shutdown of Comfort Foods production plant

Coffee Holding announced that the Company will be closing its Comfort Foods North Andover, Massachusetts manufacturing facility at the end of the month. This facility was acquired in 2017 as the key component to the transaction that resulted in the Company purchasing the assets of Comfort Foods, which then became a 100% wholly owned subsidiary of the Company."The Comfort Foods acquisition was initially viewed by us as a long-term strategic need for our company" said Andrew Gordon, CEO. "After closing our Brooklyn, New York facility in 2009 and moving all production to our larger facility in Colorado, we knew we would eventually need to have production capabilities on the East Coast in the future in order to remain competitive for the business opportunities which could not be serviced efficiently from a logistical and profitability standpoint from the West Coast.Comfort Foods opened the door to this opportunity for a nominal price. We acquired a "turn-key", first class manufacturing facility, an established customer base and a well-established regional brand, Harmony Bay, for $2mm. Once again, roasting and manufacturing on the East Coast proved to be a winning strategy as we reestablished relationships with many large East Coast supermarket chains whose sales became the main component of our rebound in our annual revenues, which had been steadily declining for a number of years. However, as the coffee industry continues to evolve, we began to experience a steady decline in sales for the Harmony Bay product line, similar to what most regional brands have experienced. This is due to the fact that major supermarket chains have reduced shelf space that was once allocated to regional brands in order to accommodate the few remaining national brands, and the advertising dollars supporting them. This has resulted in a substantial decrease in our profitability at Comfort Foods which has impacted our overall results over the last few years. But we still relied on the facility for the production of products for our new private label customers, as well as our increased sales levels of both Cafe Caribe and Cafe Supremo Espressos. With the recent acquisition of Empire Coffee Company through Second Empire and its successful integration into our business, we believe that we can close the Massachusetts production facility and move all production into our Second Empire facility located in Port Chester, New York. This transfer of production location will improve efficiencies by providing us with both manufacturing and logistical cost savings. We believe that these operational improvements should have a positive effect on profitability. Also, by not operating redundant manufacturing facilities on the East Coast and transferring all private brand, Harmony Bay, Cafe Supremo and Cafe Caribe production to the Second Empire facility we expect to eventually realize additional annualized net savings on overhead of approximately $700k through the closure of the Massachusetts facility."