Coffee Holding Co's Q3 net sales dip on lower prices
JVA•Outlook
- Company expects additional tariff refunds to enhance earnings over the next two quarters.
- Coffee Holding sees continued volatility in the green coffee market impacting operations.
- Company believes it is positioned to grow revenue, gross margins and profitability through 2026 and into 2027.
Overview
- U.S. wholesale coffee roaster's fiscal Q3 net sales fell 9% year over year due to lower coffee prices.
- Gross profit and net income rose, aided by favorable inventory, tariff refunds, and trading gains.
- Company expects additional tariff refunds to enhance earnings over the next two quarters.
Key Details
| Metric | Actual |
|---|---|
| Q3 Net Sales | $21.70 million |
| Q3 EPS | $0.35 |
Result Drivers
- Lower coffee prices - Company said net sales declined due to a sustained drop in green coffee prices, leading to reduced prices and promotions for wholesale customers.
- Favorable inventory & trading gains - Gross profit rose due to inventory acquired at lower prices and a net gain on trading activity.
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