A year ago GMCR accounted for 44% of JVA revenues. Even though this may be lower now, JVA has expanded their markets and own brands globally. Raised my year end target to $10.00 and next years target to $18.00- $20.00. Comments?
remember this is mainly a wholesaler with razor thin margins and a very inconsistent earnings history. Last earnings looked encouraging with better margins and an optimistic outlook from management. Sure GMCR earnings bode well for JVA but I don't see this back in the double digits until margins improve vastly and earnings and revenue growth are becoming more evident to investors.
Lower finding cost for beans means higher profit margins. Check the futures on coffee beans. Near or at the lowest they have been in over a year. Strong third quarter profit and reporting fourth quarter around December 12th. Should be a strong quarter and positive outlook.