date:Nov 12, 2012
ar.
President and CEO Michael Tattersfield said Hurricane Sandy damaged a portion of the company's green coffee inventory in a third-party warehouse in New Jersey.
We are currently assessing the extent of the damage, including the reclamation and usability potential of the product, as well as possible avenues for recovery. While this situation is rather unfortunate, we estimate our maximum liability will not exceed $5 million, and thankfully, our coffeehouse operations were not materially impa