8-K
COFFEE HOLDING CO INC (JVA)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 21, 2025
COFFEE
HOLDING CO., INC.
(Exactname of registrant as specified in its charter)
| Nevada | 001-32491 | 11-2238111 |
|---|---|---|
| (State<br>or other jurisdiction of<br><br> <br>incorporation) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
| 3475 Victory Boulevard, Staten Island, New York | 10314 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s telephone number, including area code: (718) 832-0800
Not
Applicable
(Formername or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title<br> of each class: | Trading<br> Symbol | Name<br> of each exchange on which registered: |
|---|---|---|
| Common Stock, Par Value $0.001 Per Share | JVA | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item8.01. Other Events.
On March 21, 2025, Coffee Holding Co., Inc. (the “Company”) issued a press release discussing the Company’s quarterly financial performance for the quarter ended January 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item9.01. Financial Statements and Exhibits.
| Exhibit No. | Description of Exhibit |
|---|---|
| 99.1 | Press Release, dated March 21, 2025 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Coffee Holding Co., Inc. | ||
|---|---|---|
| By: | /s/ Andrew Gordon | |
| Name: | Andrew Gordon | |
| Title: | President and Chief Executive Officer | |
| Date: March 21, 2025 |
Exhibit99.1
**** 
CoffeeHolding Co., Inc. Reports First Quarter Profits.
STATENISLAND, New York – March 21, 2025. Coffee Holding Co., Inc. (Nasdaq: JVA) (the “Company” or “we”) announced its operating results for the fiscal quarter ended January 31, 2025.
| ● | Earnings<br> increased to $.20 per share this fiscal quarter compared to $.06 per share during the same period last year. |
|---|---|
| ● | Our<br> revenues also increased this quarter, growing<br> sales by 9% compared to the same period last year. |
“The bull market in coffee continues to drive both revenues and profits, as we were able to build upon the successes achieved during Fiscal 2024,” said Andrew Gordon, President and CEO of the Company.
“Our favorable inventory position combined with our derivative strategy allowed us to remain competitive to all our customers during the quarter, as price increases to our wholesale customers combined with higher green coffee prices provided us with increased profitability to our overall customer base. Sales of our flagship brand Café Caribe also grew 9% compared to first quarter of 2024, as we continue to take market share away from our competitors, as we believe customers find our brand to be more affordable in this high coffee priced environment.
It appears that the record high prices in the coffee markets continue to hurt many of our competitors, as there have been several high-profile bankruptcies announced over the past months. In addition, many of our other smaller competitors are struggling with both the high price of coffee and the volatility in the market, which prevents them from being aggressive in bidding on new business. We believe that our hedging strategies, long term loyal customers base, combined with our strong balance sheet and ample credit facility, put us in an excellent position to capture new business that is becoming available due to our competitors’ misfortunes. In addition, we recently filed a shelf registration statement with the SEC which, once declared effective by the SEC, will enable us to raise additional capital, if needed. Although we have ample room on our credit facility to tackle new opportunities which might arise, we believe the registration statement will give us additional flexibility in this current dynamic coffee market environment, as we could use our stock as currency rather than take on bank debt to finance new business opportunities. However, at the moment, we have no immediate plans or needs that would prompt us to utilize the registration statement.
Although our recent acquisition of assets from Empire Coffee Company, Inc. negatively impacted our earnings by $.05 per share during this quarter, this was not an unexpected event. We have experienced improved revenue growth on a monthly basis since our transaction closed in November 2024, and we expect this trend will continue as we bring back Empire Coffee Company’s lost customer base and grow revenues back to the levels we envisioned prior to the transaction’s close. More importantly, the acquisition of Empire Coffee Company’s first-class manufacturing facility will allow us to begin soliciting and servicing additional business opportunities which have now become available due to the previously mentioned bankruptcies within the local industry. We believe we are well-positioned to continue to grow the Company’s revenues and profits as we evaluate these new opportunities as they arise” ended Andrew Gordon.
AboutCoffee Holding
Founded in 1971, Coffee Holding Co., Inc. (NASDAQ: JVA) is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding’s product offerings consist of eight proprietary brands, each targeting a different segment of the consumer coffee market as well as roasting and blending coffees for major wholesalers and retailers throughout the United States who want to have products under their own names to compete with national brands. In addition to selling roasted coffee, Coffee Holding also imports green coffee beans from around the world, which it resells to smaller regional roasters and coffee shops around the United States and Canada.
Forwardlooking statements
Anystatements that are not historical facts contained in this release are “forward-looking statements” within the meaning ofthe Private Securities Litigation Reform Act of 1995, including the Company’s outlook on the revenue growth. Forward-looking statementsinclude statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions,and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and whichmay cause our actual results, performance or achievements to be materially different from future results, performance or achievementsexpressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements thatcould be forward-looking statements. We have based these forward-looking statements upon information available to management as of thedate of this release and management’s expectations and projections about certain future events. It is possible that the assumptionsmade by management for purposes of such statements may not materialize. Such statements may involve risks and uncertainties, includingbut not limited to those relating to product demand, pricing, market acceptance, hedging activities, the effect of economic conditions,intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, theability to complete transactions and other risks and uncertainties described in the “Risk Factors” section of documents filedby the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or reviseany forward-looking statement for events or circumstances after the date on which such statement is made.
CompanyContact
Coffee Holding Co., Inc.
Andrew Gordon
President & CEO
(718) 832-0800