Recent Updates — JVA
Coffee Holding Co., Inc. reported third-quarter results for the period ended July 31, 2026. Net sales decreased 9.3% to $21,686,262 from $23,910,514 in the prior-year quarter due to lower green coffee prices and reduced pricing strategies. However, gross profit surged 140.5% to $5,424,131 (25.0% of sales) compared to $2,255,028 (9.4%) previously, driven by favorable inventory positions, tariff refunds, and trading gains. Operating expenses fell slightly to $3,099,801. The company reported net income of $1,993,438 ($0.35 per share), reversing a net loss of $1,205,413 ($0.21 per share) in the prior year. CEO Andrew Gordon cited volatile coffee markets and retained customer bases as key factors supporting improved profitability. Coffee Holding Co., Inc. operates as an integrated wholesale coffee roaster and dealer.
Coffee Holding Co., Inc. announced Amendment No. 2 to the employment agreement of CEO Andrew Gordon, effective August 31, 2026. The amendment restores his annual base salary to $450,000 retroactive to February 1, 2026, reversing a prior reduction to $80,000 and triggering a make-whole payment for the difference. Additionally, the amendment eliminates an incentive bonus provision that would have paid $1.6 million if Gordon remained employed until January 1, 2030. Coffee Holding Co., Inc. operates in the coffee industry, roasting and distributing coffee products.
Coffee Holding Co., Inc. filed an amendment to correct a prior disclosure regarding CEO Andrew Gordon's compensation. The company previously misstated his pre-reduction base salary as $325,000; the filing clarifies it was $450,000 per annum. Under the amended employment agreement effective February 26, 2026, Mr. Gordon’s base salary is reduced to $80,000 annually. He is granted a $1.6 million incentive bonus contingent on remaining employed until January 1, 2030, payable by March 16, 2030. Severance benefits require a general release. Coffee Holding Co., Inc. operates in the coffee industry, specializing in the roasting and distribution of coffee products.
Coffee Holding Co., Inc. issued a press release on June 12, 2026, disclosing information regarding its results of operations for the quarter ended April 30, 2026. The company operates in the coffee industry and provides coffee-related products and services.