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Coffee Holding Company, Inc. Message Board

  • bruinfanmslp bruinfanmslp Mar 11, 2012 12:58 AM Flag

    JVA in 4 new major supermarket chains........

    Since the beginning of the year. I wonder which ones.

    "We are pleased to report a strong quarter in both revenues and earnings to our shareholders. We continue to see growth in all areas of our business as continued historically high coffee prices have not affected demand. Increased sales on our flagship brand, Cafe Caribe, have come through new outlets of distribution as four new major supermarket chains have taken on the product since the start of the year. Private label sales continue to grow as well, with consumers looking to save as the economy is still on the mend. In addition green coffee sales increased, as the demand for our high quality Arabicas and Organic coffees remains brisk. Although our margins remain strong, higher increases in sales of green coffee as compared to increases in private label and branded sales have impacted our overall gross margins. That said, we will always take growth as long as it is profitable," said Andrew Gordon, President & CEO.

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3.64-0.01(-0.27%)May 27 12:37 PMEDT