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 Bros. Co. (NASDAQ: FARM) is a national coffee roaster, wholesaler, equipment servicer and distributor of coffee, tea and culinary products. News about Farmer Brothers often centers on its financial performance, operational initiatives and brand developments within the coffee and tea manufacturing industry.
Regular news releases from the company include quarterly and annual financial results, where Farmer Brothers reports metrics such as net sales, gross profit, operating expenses, net income or loss and adjusted EBITDA. These updates are typically accompanied by commentary from management on gross margin trends, cost structure, operational efficiency and progress on turnaround efforts.
Investors following FARM news will also see announcements about business initiatives. Farmer Brothers has highlighted the completion of a brand pyramid and coffee SKU rationalization initiative, the launch of its Sum>One Coffee Roasters specialty brand and upgrades to technology infrastructure to support digital marketing, customer service, behavior tracking and inventory management. The company has also reported on direct store delivery (DSD) route optimization and customer penetration efforts.
Corporate governance and strategic developments are another key news theme. Farmer Brothers has announced leadership changes, such as the appointment of a vice president of sales and adjustments to executive roles, as well as the formation of a strategy committee to evaluate strategic alternatives aimed at maximizing shareholder value. Updates on executive compensation arrangements and bonus opportunities tied to potential change in control transactions appear in both press releases and related SEC filings.
This news page aggregates these types of updates so readers can review Farmer Brothers’ earnings releases, operational milestones, brand launches and strategic announcements in one place. For those tracking FARM, the news flow provides context on how the company is managing its coffee, tea and culinary products business and how management describes its progress over time.
Farmer Bros. Co. (NASDAQ: FARM) reported its Q2 FY2022 results, showing a net sales increase to $118.4 million, up 13.3% year-over-year. Gross margin grew to 29.5% from 25.1% in the prior year, and net loss reduced to $5.4 million from $17.7 million. Adjusted EBITDA fell to $4.5 million, down from $8.3 million a year prior. The company noted continued improvement in the direct-store-delivery (DSD) channel despite challenges from the Omicron variant and inflation. Total debt stood at $91.0 million with cash and equivalents at $3.6 million.
Farmer Bros. Co. (NASDAQ: FARM) announced it will release its financial results for the fiscal second quarter ended December 31, 2021, after market close on February 3, 2022. An audio-only investor conference call will follow at 5:00 p.m. ET the same day. The earnings press release will be accessible on the company’s website under “Investor Relations.” Founded in 1912, Farmer Bros. is a national coffee roaster and distributor, offering a variety of coffee, tea, and culinary products to different customer segments.
Farmer Bros. Co. (NASDAQ: FARM) reported its first fiscal quarter results for 2022, ending September 30, 2021. Net sales reached $108.4 million, up 11.4% year-over-year, driven by recovery in the DSD channel. Gross margin improved to 29.0%, up from 23.0% in the previous year. The company posted a net loss of $2.4 million, reduced from $6.3 million in the prior period, while Adjusted EBITDA declined to $3.5 million from $5.7 million. Total debt stood at $89.0 million with cash at $6.0 million.
Farmer Bros. Co. (NASDAQ: FARM) announced it will release its financial results for the fiscal first quarter ending September 30, 2021, on November 4, 2021, after market close. An investor conference call will follow at 5:00 p.m. ET to review the results. The earnings press release will be accessible on the Company's website. Founded in 1912, Farmer Bros. is a wholesaler and distributor of coffee, tea, and culinary products, serving a diverse range of customers including restaurants, hotels, and grocery chains.
Farmer Bros. Co. (NASDAQ: FARM) is set to present at the 14th annual LD Micro Main Event on October 13th, 2021, at 11 a.m. ET / 8 a.m. PT in Los Angeles. The company specializes in roasting, wholesaling, and distributing coffee, tea, and culinary products, offering a range of organic and sustainable options. Attendees can register for the virtual event here. A replay will be available post-event.
Farmer Bros. Co. (NASDAQ: FARM) reported its Q4 and fiscal year 2021 results on September 9, 2021. Fourth-quarter net sales reached $102.9 million, up 26.9% year-over-year, driven by a recovery in the DSD channel. Gross margin improved to 27.6%, marking the highest of the fiscal year. The company reported a net loss of $4.0 million, a significant reduction from a loss of $9.7 million in the prior year. For the fiscal year, sales totaled $397.8 million, down 20.6% from the previous year due to COVID-19 impacts. Adjusted EBITDA was $3.4 million for Q4 and $16.6 million for the year.
Farmer Bros. Co. (NASDAQ: FARM) will release its financial results for the fiscal fourth quarter and fiscal year 2021, ending June 30, 2021, on September 9, 2021, after market close. An investor conference call is scheduled for the same day at 5:00 p.m. ET. Participants can access the audio-only webcast via the company's website. Farmer Bros., founded in 1912, specializes in coffee roasting, wholesaling, and distribution, catering to a diverse clientele from independent restaurants to large institutional buyers.
Farmer Bros. Co. (NASDAQ: FARM) has appointed Waheed Zaman to its Board of Directors, effective September 1, 2021. Zaman brings over 35 years of global consumer experience, including significant roles in corporate strategy and operations. Currently the CEO of W&A Consulting, he has a proven track record in leading transformational changes. Zaman's expertise in technology and cybersecurity is expected to enhance the company's operational efficiency, as stated by CEO Deverl Maserang.
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Farmer Bros. Co. (NASDAQ: FARM) reported third quarter fiscal 2021 results, highlighting net sales of $93.2 million, down 27.9% year-over-year, largely due to COVID-19 impacts. Gross margin decreased to 25.6%, and the net loss was $13.7 million, an improvement from the $39.8 million loss in the prior year. The company has successfully optimized its supply chain, doubling capacity at its Northlake, Texas facility and opening a new distribution center in Rialto, California. Adjusted EBITDA was a loss of $0.8 million, contrasting with a gain of $6.6 million in the previous year.