Coffee Holding swings to profit as margins recover
Coffee Holding ($JVA) reported third-quarter net income of approximately $2 million, or $0.35 per share, compared with a $1.2 million loss a year earlier. Revenue fell 9.3% to $21.7 million as lower green-coffee prices and customer pricing adjustments reduced the sales value. Gross margin expanded to 25% from 9.4%, supported by a favorable inventory position, tariff refunds and a swing to gains in trading activity. Operating expenses also declined to approximately $3.1 million from $3.35 million
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