The latest update is out from Coffee Holding Co ( (JVA) ).
Coffee Holding Co., Inc. reported a robust 19% increase in net sales for the third quarter of 2024, primarily due to acquiring new private label customers. Improvements in gross margin resulted from price increases and a favorable inventory position. Despite a rise in operating expenses attributed to higher payroll costs and other fees, the company achieved a significant turnaround with a net income of $626,796 compared to a net loss in the same quarter the previous year. The company’s president attributes this success to the growth in sales and anticipates positive cash flow to continue, enabling the maintenance of low borrowing levels.
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