Coffee Holding finished FY2024 on a very strong note, with sales and profitability reaching new multi-year highs. The ongoing expansion of the company's packaged coffee operations in combination with successful hedging activities continues to benefit margins. The recent acquisition of Empire Coffee's assets should not only result in a sizeable bargain purchase gain but also bolster the company's private label coffee business and provide for material.
Trump said in a social media post Sunday that he would immediately impose a blanket 25% tariff on all goods coming into the U.S. from Colombia, among other sanctions. Tariffs are paid by the importing company, but the cost is often passed on to other parties in the form of higher prices, including U.S. consumers.
NEXE Innovations Inc has announced a third purchase order from Bridgehead Coffee for its BPI-certified compostable coffee pods. NEXE currently supplies Bridgehead's Centro House and Bytown Boom coffee blends in compostable pods.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has completed its latest delivery to ecoBeans. The purchase order, first announced in December, is the second from the coffee brand.
Piper Sandler analyst Michael Lavery initiated coverage on Keurig Dr Pepper Inc KDP with a Neutral rating and a $35.00 target price.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) has deepened its partnership with Canadian coffee chain Bridgehead Coffee by entering into a multi-year master manufacturing agreement. The two-year agreement will see NEXE supply Bridgehead with its BPI-certified compostable coffee pods, reinforcing their shared commitment to sustainability.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has received a second purchase order from ecoBeans Coffee Inc ahead of schedule. The manufacturer of compostable and innovative materials said the order was driven by stronger-than-expected demand from the retail and office coffee services (OCS) markets.
Investors have been concerned about coffee chains recently, but younger generations could come to the rescue.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced that it has made a delivery to Bridgehead Coffee which has transitioned to NEXE's BPI-certified compostable coffee pods. The company said it has made an initial delivery to Bridgehead, which includes two SKUs from their coffee line which they also sell in bag versions.
Dutch Bros Inc. NYSE: BROS is a thriving drive-thru coffee shop operator and franchisor operating 950 shops across 18 states. While primarily focused on coffee drinks, they also offer teas, smoothies, protein and energy drinks.
NEXE Innovations Inc (TSX-V:NEXE, OTC:NEXNF) announced the appointment of Tom Hoyne as a strategic advisor to support the company's operations in the coffee segment. Hoyne brings over 35 years of experience in food operations and manufacturing, including two decades at Kicking Horse Coffee, where he served as vice president of coffee and quality.
Dutch Bros (BROS) shares skyrocketed after the company's third-quarter results beat expectations and featured an upwardly revised forecast.