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) news coverage tracks developments from this national coffee roaster and foodservice distributor. As a company operating in the intersection of commodity markets and foodservice distribution, Farmer Brothers generates news across several distinct categories that matter to shareholders and industry observers.
Coffee commodity prices directly impact Farmer Brothers cost structure, making green coffee market movements relevant to the companys margin outlook. The foodservice industrys health, including restaurant traffic trends and hospitality sector performance, influences demand for the companys products. News coverage captures how these external factors affect the companys operations.
Quarterly and annual earnings releases reveal performance metrics across the companys distribution network, including order volumes, customer retention, and product mix changes. These financial disclosures provide insight into how the coffee roaster navigates input cost fluctuations and competitive pressures in foodservice distribution.
Farmer Brothers news includes coverage of operational developments such as distribution network changes, product launches across its brand portfolio, and customer segment trends. The companys sustainability initiatives and certified coffee sourcing programs also generate periodic announcements relevant to stakeholders tracking ESG factors.
Bookmark this page to follow Farmer Bros. Co. developments, from earnings announcements to strategic updates affecting this foodservice coffee and beverage distributor.
Farmer Bros. Co. (NASDAQ: FARM) has entered a strategic partnership with High Brew Coffee to distribute ready-to-drink (RTD) cold brew coffee. The agreement focuses on three flavors that will be piloted in Chicago, Houston, and Dallas, leveraging Farmer Brothers' extensive DSD network, which reached over 50,000 delivery points in 2020. The cold brew segment is growing rapidly, with a year-over-year increase of 27.6% in the past year. This partnership aims to enhance Farmer Brothers' market presence in the expanding RTD coffee category.
Farmer Bros. Co. (NASDAQ: FARM) will wind down its manufacturing operations in Houston, Texas, with production ending in late January 2021. This decision is part of the company’s supply chain optimization strategy, which includes enhancing its Dallas-Fort Worth facility and establishing a new distribution site in Rialto, California. CEO Deverl Maserang emphasized that this tough choice aims to strengthen the company's competitive position and future viability, while committing to supporting affected employees with severance and benefits.
Farmer Bros. Co. (NASDAQ: FARM) reported a net loss of $6.3 million for Q1 FY2021, compared to a profit of $4.7 million in the same period last year. Net sales declined by 29.8% to $97.3 million, with a 19.4% drop in green coffee volume processed. Gross margin fell to 23.0% from 29.3%, while operating expenses rose to 34.8% of sales. Adjusted EBITDA improved to $5.7 million from $4.0 million year-over-year. The company faces ongoing challenges due to COVID-19, but operational improvements and cost-saving initiatives were noted.
Farmer Bros. Co. (NASDAQ:FARM) will announce its financial results for the first quarter ending September 30, 2020, after the market closes on November 5, 2020. An investor conference call will be hosted by CEO Deverl Maserang and CFO Scott Drake at 5:00 p.m. ET to discuss these results. The earnings release will be available on the company’s website. Farmer Bros. Co. is a national coffee roaster and distributor, known for its sustainable coffee and tea products, serving diverse customers across the U.S.
Farmer Bros. Co. (NASDAQ: FARM) reported significant financial challenges for Q4 FY2020, with a net loss of $9.7 million, a decline from a $8.8 million loss in the previous year. Net sales plummeted by 42.9% to $81.1 million, driven by a 28% drop in green coffee volume processed, largely due to COVID-19 disruptions. Gross margin decreased to 19.2% from 26.6%. Despite efforts to implement cost-saving measures, operational expenses rose as a percentage of sales. Debt increased, but cash levels improved to $60 million, up from $7 million, reflecting enhanced liquidity efforts amidst ongoing market uncertainties.
Farmer Bros. Co. (NASDAQ: FARM) will announce its financial results for the fourth quarter and full fiscal year ending June 30, 2020, after market close on September 10, 2020. The CEO, Deverl Maserang, and CFO, Scott Drake, will hold an audio-only investor conference call at 5:00 p.m. ET to discuss the results. Shareholders can access the earnings press release on the company’s website. The audio webcast will be archived for 30 days post-event.
Farmer Bros. Co. (NASDAQ:FARM) granted a stock option and a restricted stock unit award to new Chief Sales Officer, Maurice S.J. Moragne, on July 1, 2020. The option, worth $75,000, allows purchase of 29,761 shares at an exercise price of $7.23, with a seven-year term and a three-year vesting period. The company utilizes the 2020 Inducement Incentive Plan for grants to new hires in accordance with Nasdaq rules. Farmer Bros., established in 1912, specializes in coffee, tea, and culinary products, generating $595.9 million in net sales in fiscal 2019.
Farmer Bros. Co. (NASDAQ: FARM) reported financial results for the third fiscal quarter ending March 31, 2020. Net sales decreased by $17.5 million, or 12.0%, to $129.1 million, largely due to COVID-19's impact on the Direct Store Delivery network. Gross margin improved to 29.4% from 27.2%. The company recorded a net loss of $39.8 million, a reduction from a loss of $51.7 million a year prior. Adjusted EBITDA rose to $6.6 million from $4.5 million, demonstrating operational resilience despite challenges posed by the pandemic.
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