Coffee Holding Co. Perks Up – A Double Could Be Looming
June 30, 2020
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Coffee Holding Co.’s (NASDAQ:JVA) earnings were out of this world. Expected revenues of $19 million and earnings of 4 cents were blown out of the water, as the company came in at $20 million on the top line and 9 cents on the bottom line.
Dunkin’ US:DNKN reported earnings and revenue that exceeded expectations, but same-store sales in the U.S. took a beating. The company saw a 35% decline at the end of March and heading into April. For the week ending April 25, the same-store sales drop was about 25%.
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