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Re: iconoclassic post# 317411

Friday, 03/09/2012 9:13:08 AM

Friday, March 09, 2012 9:13:08 AM

Post# of 376163
JVA...9.25, rtq...Dare I mention JVA is popping about 10% on earnings????

No position and none planned...but fyi

JVA Coffee Holding reports EPS in-line wth single est; rev above single est (7.85 )
Reports Q1 EPS of $0.24 vs. the $0.24 consensus; rev +120% YoY to $56.6 mln vs. the $43 mln single estimate. "Cost of sales for the three months ended January 31, 2012 was $52,151,940 or 92.1% of net sales, as compared to $22,560,399 or 87.9% of net sales for the three months ended January 31, 2011. The increase in cost of sales reflects the increased cost of sales, as well as the shift in our overall business to a higher percentage of green coffee sales as compared to roasted coffee sales which tend to be less profitable on a percentage basis than our roasted products... We continue to see growth in all areas of our business as continued historically high coffee prices have not affected demand. Increased sales on our flagship brand, Cafe Caribe, have come through new outlets of distribution as four new major supermarket chains have taken on the product since the start of the year. Private label sales continue to grow as well, with consumers looking to save as the economy is still on the mend. In addition green coffee sales increased, as the demand for our high quality Arabicas and Organic coffees remains brisk. Although our margins remain strong, higher increases in sales of green coffee as compared to increases in private label and branded sales have impacted our overall gross margins. That said, we will always take growth as long as it is profitable."








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