Javo Beverage (JAVO.OB) Reports Q2 Results, Improvement Plans for Second Half of 2010
Javo® Beverage Company Inc. today posted its results for the second quarter of 2010, and outlined its strategy to improve results in the upcoming quarter. The company’s second-quarter gross sales rose 3.0 percent to $7.3 million, up from $7.1 million reported for the second quarter of 2009. Javo’s primary source of revenue is dispensed products. Gross sales from these products increased 3.4 percent to $6.7 million from the same quarter of 2009. The company attributes the growth to an increased number of beverage dispensing locations serving Javo's coffee and tea products. Gross profit for the second quarter was $2.4 million,…