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Coffee Holding Co., Inc. Reports Results For Three And Six Months Ended April 30, 2019

From: globenewswire.com

STATEN ISLAND, June 19, 2019 (GLOBE NEWSWIRE) — Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company” or “Coffee Holding Company”) today announced its operating results for the three months and six months ended April 30, 2019.

Net Sales. Net sales totaled $20,716,491 for the three months ended April 30, 2019, a decrease of $1,477,407, or 7%, from $22,193,898 for the three months ended April 30, 2018. The decrease in net sales reflects the lower selling price of coffee during this quarter as well as a decrease in sales of approximately $2,000,000 to the Company’s former largest wholesale green coffee customer.

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