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.
Overview
Farmer Brother (FARM) is a nationally recognized coffee roaster, wholesaler, and distributor specializing in premium coffee, tea, and culinary products. As a trusted partner in the foodservice industry, the company offers an extensive line of sustainably sourced and expertly crafted products that include organic, fair trade, and Direct Trade coffee along with a diverse selection of teas and culinary ingredients. With a business model that emphasizes operational excellence and a robust distribution network, Farmer Brother meets the complex needs of restaurants, hotels, casinos, healthcare facilities, and other foodservice providers across the United States.
Product Portfolio
The core strength of Farmer Brother lies in its diverse and high-quality product offerings. The company provides a wide range of products designed to cater to varied consumer tastes and business requirements:
- Roasted Coffee: Featuring artisanal and specialty coffees that are crafted from sustainably sourced beans, ensuring both flavor and quality.
- Tea Selections: An assortment of hot and iced teas accompanied by sophisticated brewing equipment and complementary flavor profiles.
- Culinary Products: A curated collection of spices, mixes, ready-to-drink beverages, and other culinary essentials that support foodservice operations.
This comprehensive portfolio demonstrates the company’s commitment to quality and innovation, providing customers with products that align with modern tastes and operational demands.
Business Operations
Farmer Brother’s operations are built on a foundation of efficiency and customer-centric service. The company employs a Direct Store Delivery (DSD) model that allows for rapid and reliable distribution, helping to streamline logistics and reduce inventory challenges for its clients. Our approach integrates centralized roasting facilities and advanced supply chain management systems designed to maintain product integrity from production through to end-user delivery. This operational strategy not only bolsters the company’s market presence but also enhances its ability to respond dynamically to diverse customer needs.
Competitive Landscape and Industry Position
Amid a competitive market of coffee and beverage distributors, Farmer Brother distinguishes itself through its commitment to quality, sustainability, and a well-orchestrated distribution network. The company’s direct involvement in every step of the product journey—from sourcing sustainable coffee beans to delivering expertly brewed products—positions it as a sophisticated and reliable partner. Its dedication to direct distribution and customized beverage planning services sets it apart by ensuring that each product meets high standards of quality and customer satisfaction, reinforcing its strong standing among industry peers.
Operational Excellence and Customer Focus
At the heart of Farmer Brother’s business model is a continuous drive for operational excellence. The company has refined its processes to ensure that its extensive product array is delivered with efficiency and consistency. By prioritizing customer service through tailored beverage planning and direct interaction, Farmer Brother fosters long-term relationships with a diverse network of customers that range from small local establishments to large institutional foodservice operators. This commitment to excellence is reflected in every aspect of its operations, from quality control in production to the streamlined logistics of its DSD system.
Commitment to Quality and Sustainability
Quality and sustainability are not mere buzzwords at Farmer Brother; they are core principles guiding every business decision. The company ensures that its coffee beans are not only hand-selected for premium quality but are also grown under sustainable practices that support organic and fair trade principles. This focus on ethical sourcing and environmental responsibility contributes to a product line that consistently meets the high expectations of today's discerning consumers and foodservice operators.
Expertise and Market Significance
Drawing on decades of industry experience, Farmer Brother has established itself as an authoritative figure in the coffee and culinary product market. The company’s in-depth understanding of consumer preferences, coupled with its advanced beverage planning services, allows it to deliver customized solutions that enhance operational efficiency and customer satisfaction. This level of expertise and commitment underscores the company’s role as a reliable and knowledgeable resource in a rapidly evolving foodservice landscape.
Strategic Distribution and Logistical Efficiency
Through its strategic adoption of the Direct Store Delivery model, Farmer Brother minimizes disruptions in the supply chain while ensuring that products are delivered quickly and efficiently. This logistical efficiency is a key differentiator, particularly in an industry where timing and consistency are paramount. The company’s centralized roasting and distribution operations further enhance its ability to provide a consistent, high-quality product offering that meets the evolving demands of the marketplace.
In conclusion, Farmer Brother (FARM) presents a holistic blend of traditional expertise and modern operational strategies. Its extensive, sustainably sourced product line, combined with a focused and efficient distribution model, positions the company as a crucial player in the national foodservice and retail markets. This comprehensive overview is designed to serve as an enduring resource for investors and industry analysts, offering detailed insights into the company's operations, product portfolio, and market significance without relying on time-sensitive information.
Farmer Brothers Coffee (NASDAQ: FARM) reported Q2 fiscal 2025 results with net sales of $90 million, up slightly from $89.5 million in Q2 2024. The company achieved a gross margin of 43.1%, representing a 270 basis points increase year-over-year. Net income was $210,000, compared to $2.7 million in Q2 2024, with the difference primarily due to decreased gains from asset disposals.
The company reported improved adjusted EBITDA of $5.9 million, up $3.6 million from Q2 2024. Operating expenses increased to $37.8 million (42% of net sales) from $31.7 million in the prior year. As of December 31, 2024, the company had $5.5 million in unrestricted cash and $23.3 million in outstanding borrowings, with $23.7 million available under its revolving credit facility.
Farmer Brothers Coffee (NASDAQ: FARM) has announced it will release its fiscal second quarter 2025 financial results for the period ended December 31, 2024, on Thursday, February 6, 2025, after market close. The company will host an audio-only investor conference call and webcast at 5 p.m. Eastern on the same day.
The earnings release and Form 10-Q will be available on the company's Investor Relations website. Pre-registered callers will receive dial-in details and a unique PIN for immediate call access. An audio replay will be archived for at least 30 days on farmerbros.com.
Farmer Brothers, established in 1912, operates as a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products. Their portfolio includes organic and Direct Trade coffee, tea, cappuccino mixes, and other culinary items, serving customers from small restaurants to large institutional buyers.
Farmer Brothers (NASDAQ: FARM) has appointed Brian Miller as vice president of sales, bringing over 25 years of consumer product industry experience to the role. The company also announced that Tom Bauer, former vice president and chief commercial officer, will transition to vice president and chief field operations officer, overseeing DSD, logistics, planning, and procurement operations.
Miller joins from Custom Ink and previously held leadership positions at Primo Water and Mars Drinks North America. His appointment aims to drive top-line growth and enhance the customer base for long-term profitability. The company, founded in 1912, operates as a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products, serving various customers from independent restaurants to large institutional buyers.
Nature Fresh Farms, a leading North American greenhouse produce grower, has appointed Patrick Criteser as CEO to lead its expansion. Criteser, former president and CEO of Tillamook County Creamery Association, brings over 30 years of leadership experience, including successful tenures at Coffee Bean International and Farmer Brothers. The company's founder, Peter Quiring, will transition to executive chairman while John Ketler remains president. Nature Fresh Farms operates 2,500 acres of sustainable greenhouses across Canada, the U.S., and Mexico, producing tomatoes, peppers, cucumbers, and berries year-round using advanced technology and sustainable practices.
Farmer Brothers Coffee reported Q1 fiscal 2025 results with net sales of $85.1 million, up 4% year-over-year. Gross margin improved 630 basis points to 43.9%. The company reported a net loss of $5 million, compared to a $1.3 million loss in Q1 2024, primarily due to a $1.7 million loss from asset disposal. Adjusted EBITDA improved to $1.4 million from a loss of $452,000 in the prior year. The company had $3.3 million in unrestricted cash and $23.3 million in outstanding borrowings as of September 30, 2024.
Farmer Brothers Coffee (NASDAQ: FARM) will release its fiscal first quarter 2025 financial results for the period ended September 30, 2024, on Thursday, November 7, after market close. The company will host an audio-only investor conference call and webcast at 5 p.m. Eastern on the same day. Participants can access the call by dialing 888-999-6281. The webcast and earnings release will be available on the company's Investor Relations website, with a replay archived for at least 30 days.
Farmer Brothers (NASDAQ: FARM) reported its fiscal 2024 financial results, showing significant improvements in profitability despite a slight decrease in net sales. Key highlights include:
- Full year net sales of $341.1 million, a 0.3% increase from fiscal 2023
- Gross margin increase of 560 basis points to 39.3%
- Net loss reduced to $3.9 million from $34 million in the previous year
- Adjusted EBITDA improved to $558,000, up $14.7 million from fiscal 2023
The company's transformation efforts, including the sale of its direct ship business and focus on the more profitable DSD business, have contributed to these improvements. Farmer Brothers continues to streamline operations and upgrade technology infrastructure to enhance customer service and operational efficiency.
Farmer Bros. Co. (NASDAQ: FARM) has announced the upcoming release of its fiscal fourth quarter and full year 2024 financial results. The company will publish its 10-K filing and earnings release on Thursday, September 12, 2024, after market close. These documents will be available on the Investor Relations section of the company's website.
Following the release, Farmer Brothers will host an audio-only investor conference call and webcast at 5 p.m. Eastern on the same day. The call will provide a review of the quarter and full fiscal year, along with a business update. Pre-registered callers will receive dial-in details and a unique PIN for immediate access to the call. An audio replay of the webcast will be archived on the company's website for at least 30 days.
Farmer Brothers, a leading national coffee roaster, reported the issuance of inducement awards to CFO Vance Fisher under the Nasdaq Listing Rule 5635(c)(4). Effective July 1, 2024, the awards include 60,000 time-vesting restricted stock units (RSUs) and 120,000 performance-based restricted stock units (PBRSUs). The RSUs will vest over three years subject to Fisher's continued employment. The PBRSUs will vest if the company's stock price averages at least $6 over 90 days or a change in control occurs, with a $6 per share valuation. The PBRSUs expire after three years if these conditions aren't met. The inducement plan aims to attract new employees through equity awards.
Founded in 1912, Farmer Brothers provides extensive beverage planning services and culinary products to various U.S.-based customers, including independent restaurants, large institutional buyers, and grocery chains. Their brands include Farmer Brothers, Boyd's, Cain’s, China Mist, and West Coast Coffee.
Farmer Brothers (NASDAQ: FARM), a renowned coffee roaster, wholesaler, and distributor, has appointed Vance Fisher as its new Chief Financial Officer (CFO). Fisher succeeds Brad Bollner, who has been serving as the interim CFO since August 2023 and will now continue as Vice President of Finance. CEO John Moore expressed excitement over Fisher's appointment, citing his successful track record in increasing revenue and EBITDA at previous companies. Fisher's background includes roles at Nothing Bundt Cakes, Dunn’s River Brands, and Daisy Brand, where he significantly contributed to financial growth. Fisher holds dual bachelor's degrees in accounting and finance from the University of Oklahoma. He is enthusiastic about joining Farmer Brothers at a important time as the company focuses on optimizing its Direct Store Delivery (DSD) network and driving long-term growth.
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