Welcome to our dedicated page for Farmer Brother news (Ticker: FARM), a resource for investors and traders seeking the latest updates and insights on Farmer Brother stock.
Farmer Brothers (FARM) maintains this dedicated news hub for investors and industry stakeholders tracking developments in coffee distribution and foodservice solutions. Our news collection provides timely updates on operational milestones, financial disclosures, and strategic initiatives from this established coffee roaster and culinary products provider.
This resource consolidates essential information about FARM's sustainable sourcing practices, Direct Store Delivery network enhancements, and product innovation efforts. Users will find press releases covering earnings reports, leadership changes, facility expansions, and sustainability achievements alongside analysis of market positioning within the competitive foodservice distribution sector.
All content undergoes strict verification to ensure accuracy and relevance for financial decision-making. The archive serves both casual observers and professional analysts requiring detailed insights into FARM's operational strategies and industry relationships.
Bookmark this page for streamlined access to verified updates about Farmer Brothers' partnerships with hospitality providers, retail expansions, and quality assurance programs. Check regularly for new developments affecting the company's position in coffee wholesale markets and foodservice logistics.
Farmer Bros. Co. (NASDAQ: FARM) reported a 12% year-over-year increase in net sales for the second fiscal quarter of 2023, reaching $132.7 million. The company noted an improvement in gross margin and adjusted EBITDA despite inflationary pressures. CEO Deverl Maserang highlighted a positive turnaround strategy but acknowledged challenges related to coffee pricing and customer inventory adjustments. The company aims to leverage expected favorable pricing trends moving forward. An investor conference call is scheduled for February 8, 2023, to discuss these results further.
Farmer Bros. Co. (NASDAQ: FARM) has appointed Tom Bauer as the new Vice President of its Direct Store Delivery (DSD) segment, tasked with enhancing growth and efficiency. Bauer, previously with DS Services and Emerald Brand, brings extensive experience in sales and operations. Alongside this, the company issued 9,980 restricted stock units to Bauer, vesting over three years, as an employment incentive under the 2020 Inducement Incentive Plan. Founded in 1912, Farmer Bros. Co. specializes in coffee and culinary products, generating $469.2 million in net sales for fiscal 2022.
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