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Farmer Bros. Co. - FARM STOCK NEWS

Welcome to our dedicated news page for Farmer Bros. Co. (Ticker: FARM), a resource for investors and traders seeking the latest updates and insights on Farmer Bros. Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Farmer Bros. Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Farmer Bros. Co.'s position in the market.

Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will participate in investor conferences and industry tradeshows, including the ROTH 36th Capital Conference and Bar and Restaurant Expo, showcasing its coffee products and flavored syrups.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.17%
Tags
conferences
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Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) reported fiscal Q2 2024 net sales of $89.5 million, with a gross margin increase of 550 basis points year-over-year to 40.4%. The company anticipates being free cash flow positive by early fiscal 2025, with net sales positively impacted by higher pricing but offset by a decrease in coffee and allied products volume. Operating expenses decreased, and net income from continuing operations increased to $2.7 million in the second quarter of fiscal 2024. Adjusted EBITDA for the same period was $2.3 million, indicating an improvement in financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.63%
Tags
earnings
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Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) has appointed John Moore as president and CEO after a robust evaluation process. Moore has over 30 years of experience in the coffee industry and will focus on repositioning the company and leveraging its direct store delivery system for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
none
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will release its fiscal second quarter 2024 financial results on Feb. 8, 2024. The company will also hold an investor conference call to provide a review of the quarter and business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
conferences earnings
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Rhea-AI Summary
Hain Celestial Group, Inc. (Nasdaq: HAIN) announced the appointment of Amber Jefferson as its new Chief People Officer. Jefferson will lead the company's global human resources function and culture and talent strategy. She brings over 20 years of experience in consumer goods, retail, foodservice, and travel industries. Jefferson will report to Wendy Davidson, CEO, and will serve on the Executive Leadership Team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
none
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Rhea-AI Summary
Hain Celestial Group, Inc. (Nasdaq: HAIN) announced the appointment of Amber Jefferson as its new Chief People Officer. Jefferson will lead the company's global human resources function and culture and talent strategy. She brings over 20 years of experience in consumer goods, retail, foodservice, and travel industries. Jefferson will report to Wendy Davidson, CEO, and will serve on the Executive Leadership Team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
none
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) reported fiscal Q1 2024 net sales of $81.9 million with a gross margin increase of 380 basis points year-over-year to 37.6%. The company is focused on transitioning to its largest and most profitable business - direct store delivery. Supported by favorable coffee pricing trends, they expect to see momentum and improving results throughout the fiscal year, aiming for positive free cash flow in early fiscal 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.76%
Tags
earnings
-
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will release its fiscal first quarter 2024 financial results on Nov. 9, 2023. The results will be published with the filing of its 10-Q and quarterly shareholder letter, both available on the company's website. An investor conference call and webcast will also be held at 5 p.m. Eastern on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
conferences earnings
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Rhea-AI Summary
Farmer Brothers reported net sales of $340 million for fiscal year 2023 and used $100 million to pay down debt. CEO optimistic about improved pricing and margins. Company focuses on revitalizing DSD business and expects positive free cash flow in coming quarters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.68%
Tags
earnings
Rhea-AI Summary
Deverl Maserang to depart upon appointment of successor. Farmer Brothers Company announces transition of CEO role. John Moore to serve as interim CEO starting Oct. 1. Transition unrelated to operational concerns. Company focused on right sizing operating costs. New leadership sought for profitable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
none
Farmer Bros. Co.

Nasdaq:FARM

FARM Rankings

FARM Stock Data

78.40M
15.56M
20.08%
43.99%
0.85%
Coffee and Tea Manufacturing
Manufacturing
Link
US
Los Angeles

About FARM

farmer brothers is a leading national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. our product lines incorporate organic, fair trade and sustainably produced coffee beans. the company’s portfolio features a wide range of coffees including artisan collection™, metropolitan™, superior®, cain’s™ and mcgarvey®. with a full line of hot and iced teas, spices, mixes and coffee/tea brewing equipment, farmer brothers delivers comprehensive beverage planning services to its 65,000+ customers across the us. our company is a direct distributor to restaurants, hotels, casinos, offices, quick service restaurants (“qsr's”), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers. to meet our customers'​ needs we carry hundreds of items including roasted coffee, liquid coffee, coffee related products such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup,