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June 10, 2014
09:04 EDTJVACoffee Holding reports Q2 EPS 19c, vs. (6c) last year
Reports Q2 revenue $25.4M, vs. $36.69M last year. In terms of the company's EPS increase for the quarter, the company said, "The increase in net income reflects increased profitability on our sales." In terms of the company's decrease in revenue for the quarter, the company said, "The decrease in net sales primarily reflected a decrease of 20% in pounds of green coffee sold during the quarter as compared to the quarter ended April 30, 2013. We believe that the decrease in pounds sold resulted from a decrease in purchases by customers as a result of market volatility and a significant increase in coffee prices during the quarter."
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