Merger Termination and Strategic Shift - Coffee Holding Co Inc has terminated the previously announced Definitive Merger and Share Exchange Agreement with Delta Corp Holdings Limited which was originally announced on September 30 2022 [1] - The termination follows an unsuccessful shareholder vote in April to approve the merger and the board of directors has decided to move forward as an independent company [6] - The company believes that executing its renewed growth strategy as an independent entity will create shareholder value that has been elusive in recent times [6] Financial Performance and Market Challenges - The company has shown profits in three of the past four reporting periods with a $0 02 per share loss in the most recent quarter which was an improvement from Q2 of Fiscal 2023 [7] - The recent loss was primarily due to a historic surge in the London Robusta market to all-time contract highs which significantly impacted profit margins on both branded and private label businesses [7] - The company has initiated price increases to most of its major customers to offset the rise in London Robusta coffee prices though the full effect of these increases is expected to be recognized in the fiscal fourth quarter of 2024 [7] Business Developments and Revenue Growth - Coffee Holding has secured several new business agreements including production deals with the largest retailer by market share in the Northeast and a two-year agreement with a major US national retail chain [2] - These agreements have contributed to four consecutive quarters of revenue growth despite the loss of approximately $8 0 million in annual revenue from the closure of the Generations Steep subsidiary [2] - The company has been focusing on cleaning up its balance sheet paying down debt and extending its credit agreement with Webster Bank to ensure its ability to continue as a going concern [2] Company Overview and Market Position - Founded in 1971 Coffee Holding Co Inc is a leading integrated wholesale coffee roaster and dealer in the United States offering a broad array of coffee products across various consumer segments [10] - The company operates eight proprietary brands targeting different consumer segments and also roasts and blends coffee for major wholesalers and retailers under their own names [10] - In addition to selling roasted coffee Coffee Holding imports green coffee beans from around the world reselling them to smaller regional roasters and coffee shops in the US and Canada [10]

ROCKFORD, Ill., June 18, 2024 (GLOBE NEWSWIRE) -- Months after earning the opportunity during Walmart's prestigious and competitive "Open Call" event, Fire Department Coffee is set to debut its popular roasts at Walmart stores nationwide this June. The veteran-owned company, founded in 2016, has experienced significant recent growth. Now, its products will be available to customers at more than 2,300 Walmart stores, representing nearly half of all Walmart stores in the United States. Fire Dept. Coffee is a ...

According to Grand View Research, the global coffee market is projected to reach $144.7 billion by 2025, with a significant portion driven by specialty coffee. In the United States alone, the online specialty coffee market is expected to grow at a CAGR of 8% from 2023 to 2025, reaching an estimated value of $5.5 billion by 2025. "We are thrilled about our launch on Amazon, which marks a significant step in our OMNI-channel strategy," said Jay Kim, CEO of Reborn Coffee. "Amazon's vast reach and robust infras ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______________ TO _______________ COMMISSION FILE NUMBER: 001-32491 COFFEE HOLDING CO., INC. (Exact Name of Registrant as Specified in Its Charter) | Nevada | 11-223811 ...

CONWAY, Ark., June 13, 2024 /PRNewswire/ -- Westrock Coffee Company (Nasdaq: WEST) ("Westrock Coffee" or the "Company"), an industry leader in innovative beverage solutions, today launches the largest roast to ready-to-drink manufacturing facility in North America. Located in Conway, Arkansas, the 570,000-squarefoot facility represents a $315 million investment in manufacturing capability and includes a comprehensive beverage development laboratory. This facility squarely positions Westrock Coffee at the fo ...

Core Insights - The Chinese coffee market is experiencing rapid growth, with a market size of approximately $2.1 billion at the end of 2023, making it potentially the world's largest coffee market after a 58% growth in 2023 [12] - Luckin Coffee Inc. is the market leader with 32.6% of all branded coffee stores in China, having opened over 8,000 new stores in the previous year [14] - Cotti Coffee, founded by ex-Luckin executives, is aggressively expanding and has opened 6,061 outlets in China, with a strategy to attract customers through low pricing and free franchises [2][4] Company Summaries Luckin Coffee Inc. - Luckin Coffee emerged from bankruptcy in December 2021 and has since established a strong market presence with over 16,200 stores in China [14] - The company has reported a revenue of $3.07 billion with a year-over-year growth of 74.5% and a gross profit margin of 54.82% [7][16] - Luckin's net income margin stands at 8.23%, which is expected to improve as growth stabilizes [7][16] Cotti Coffee - Cotti Coffee has rapidly expanded to 6,061 outlets in China, with a significant number opened in 2023 [2] - The company employs a strategy of low pricing, offering coffee at RMB 10 ($1.40), significantly lower than competitors like Luckin and Starbucks [2] - Cotti's founders, both former executives of Luckin, are leveraging their experience to replicate Luckin's successful business model [2][4] Manner Coffee - Manner Coffee operates approximately 1,000 stores across 15 provinces, with a significant concentration in Shanghai [3] - The company has raised around $25 million in funding and has shown steady growth, adding 600 stores over the past two years [3] Costa Coffee - Costa Coffee, a subsidiary of Coca-Cola, has 459 stores in China and is positioned as a potential competitor to Luckin due to its established brand and resources [4] - The company has a 27% market share in the UK and is expanding its presence in China [4] Tim Hortons - Tim Hortons is struggling in the Chinese market, with operational inefficiencies and higher prices compared to local competitors [5] - The company reported a revenue of $48 million in Q1 2024, with significant operating and net losses [5] JDE Peets - JDE Peets has been expanding its presence in China, with 250 stores as of 2023, and is focusing on organic growth rather than franchising [6] - The company operates globally with various coffee brands and has a strong reputation for quality [6] Market Dynamics - The coffee shop landscape in China is diverse, with a mix of high-end and budget options, and a significant portion of consumers ordering via delivery [12] - The competitive environment is intensifying, with new entrants like Cotti Coffee challenging established players like Luckin and Starbucks [2][12] - The overall growth of the coffee market in China is indicative of changing consumer preferences and increasing demand for coffee products [12]

Guangzhou, a Tier 1 city, is renowned for its vibrant economy and high living standards. Located on the first floor of the Li Weiguang Art Museum in Shamian Island, the store takes advantage of the area's high foot traffic and rich cultural backdrop, making it an ideal location to introduce Reborn Coffee's unique offerings to China's sophisticated coffee enthusiasts. The company plans to leverage Guangzhou's dynamic environment as a driver for expansion across China, targeting over 70 new locations in estab ...

With only a garage and a one-pound roaster, three friends founded Black Rifle Coffee (BRCC -2.11%) in 2014. It started as a direct-to-consumer (DTC) coffee company with a strongly patriotic brand identity. And from those humble beginnings, things have really taken off. The company, which generated nearly $400 million in revenue last year, expects to generate at least $430 million this year. Are things suddenly going better for Black Rifle Coffee, or is this a case of stock market irrationality? DTC sales ar ...

Starbucks management admits that long wait times contributed to declining sales last quarter. If you've noticed that it takes longer to get your coffee or latte from Starbucks (SBUX -1.97%), you're not alone. This has been leading to increasingly frustrated customers and helped play a part in the company reporting disappointing fiscal second-quarter results that saw sales decline 2% to $8.6 billion. It was its first quarterly revenue decline since 2020 when COVID-19 affected sales. Starbucks' operational is ...

Imagine if, for every cup of coffee you bought, you instead invested that money into coffee stocks. I am not suggesting you stop drinking coffee. That would sound miserable. Yet, this idea got me to start making coffee at home instead of buying overpriced lattes. While the few dollars saved daily won't make you rich overnight, this practice could end up highly beneficial over time when weighed against the potential for compounded returns. The global coffee market appears to be enjoying powerful momentum dri ...