Coffee Holding Co.s Q3 net sales drop 6%

Staten Island, NY-based Coffee Holding Co. Inc. (Nasdaq: JVA) announced its operating results for the three months ended Jan. 31, 2021:

CHC's net sales totaled $18,133,837 for the three months ended Jan. 31, 2021, a decrease of $1,151,664, or 6%, from $19,285,501 for the three months ended Jan. 31, 2020.

CHC said the decrease in net sales was due to the COVID-19 pandemic, which caused many of its green coffee customers who service the restaurant and foodservice industries to either remain closed or suspend their operations.

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