Coffee Holding Company reported third-quarter fiscal 2026 net income of $2 million, or 35 cents per share, reversing a year-earlier net loss of $1.2 million, or 21 cents per share, even as net sales fell 9.3% to $21.7 million from $23.9 million. Gross profit more than doubled to $5.4 million from $2.3 million, lifting gross margin to 25% from 9.4%, while operating income reached $2.3 million against an operating loss of $1.1 million. Cost of sales dropped to $16.3 million, or 75% of net sales, from $21.7 million, or 90.6% of sales, and total operating expenses declined 7.5% to $3.1 million. By product line, green coffee sales fell 19.5% to $8.4 million from $10.5 million, while packed coffee sales were steady at $13.3 million versus $13.4 million. Management said it expects additional tariff refunds to enhance earnings over the next two quarters and cited new business and continued green coffee price volatility in projecting revenue, gross margin and profitability growth through the end of calendar 2026 and into 2027.
Coffee Holding Co IncQ3 net income of $2M reversed a year-earlier loss as gross margin expanded to 25% from 9.4%.
