Coffee Holding Co., Inc. Reports Q2 Results
Coffee Holding Co., Inc. reported its operating results for the fiscal quarter ended April 30, 2026. Net sales decreased by 5.1% to $22,126,156 from $23,320,061 in the same period last year, primarily due to a significant drop in green coffee prices. This led to reduced pricing and increased promotional activities for wholesale customers. Cost of sales as a percentage of net sales slightly increased to 84.2% due to higher product and packaging costs. Gross profit decreased by $243,104 to $3,487,068, with gross profit margin at 15.8%. Operating expenses increased by $303,015 to $3,144,572. Net income for the quarter was $262,489, or $0.05 per share, a decrease from $644,055, or $0.11 per share, in the prior year quarter. The decline in net income was attributed to the adverse impact of falling green coffee prices on sales and profitability. Despite these challenges, the company secured new business and expects to maintain profitability for the remainder of 2026.