Coffee Holding Co., Inc. Stock News

Staten Island, NY, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States announced today that it purchased all of the assets of Empire Coffee Company (“Empire”) based in Port Chester, NY. The purchase was made under Article 9 of the UCC and consists of Empire's in...

Coffee Holding reported decent Q3/FY2024 results, with gross margins reaching new multi-year highs and strong cash generation. Subsequent to quarter-end, the company repaid all outstanding amounts under its credit facility and expects to remain debt-free going forward. With management projecting continued cash generation, even a resumption of quarterly dividends could be on the table.