STOCK TITAN

Farmer Bros Co - FARM STOCK NEWS

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

Farmer Bros Co. (NASDAQ: FARM) is a leading national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products. Founded in 1912 and headquartered in Northlake, Texas, the company serves over 65,000 customers across the United States, including restaurants, hotels, casinos, offices, quick-service restaurants (QSRs), convenience stores, and healthcare facilities.

Farmer Brothers offers a comprehensive range of products, encompassing organic, fair trade, and sustainably produced coffee beans. Its product portfolio includes well-known brands such as Artisan Collection™, Metropolitan™, Superior®, Cain’s™, and McGarvey®. Alongside coffee, the company provides a full line of hot and iced teas, spices, mixes, and coffee/tea brewing equipment, delivering extensive beverage planning services to its clients.

In recent years, Farmer Brothers has shifted its focus to direct store delivery (DSD), a strategy that has shown early signs of success. The company reported a notable increase in gross margins and adjusted EBITDA, reflecting its efforts to streamline operations and strengthen financial performance. The company aims to achieve positive free cash flow by early fiscal 2025.

Farmer Brothers has also made strategic moves, including selling its Northlake headquarters and centralizing roasting operations in Portland, Oregon. This transition is expected to optimize operations and support future growth. The company continues to innovate and expand its product offerings while maintaining a strong commitment to sustainability and quality.

Under the leadership of CEO John Moore, who brings over 30 years of experience in the coffee industry, Farmer Brothers is well-positioned to leverage its DSD network and drive long-term growth. The company remains focused on delivering high-quality products and exceptional customer service, building on its century-long legacy in the beverage industry.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
management
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.39%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
conferences earnings
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.33%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
conferences earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
Tags
none
-
Rhea-AI Summary

Farmer Brothers reported third quarter fiscal 2024 financial results with net sales of $85.4 million and a 660 basis points gross margin increase to 40.1% year-over-year. Despite a slight decrease in net sales due to lower unit sales, gross profit rose by $5.5 million. Operating expenses decreased slightly, leading to a net income improvement of $6.2 million compared to the prior year. Adjusted EBITDA remained positive at $0.3 million. The company believes it has adequate capital and aims to achieve positive free cash flow in early fiscal 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.02%
Tags
-
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will release its fiscal third quarter 2024 financial results on May 9, 2024, with a shareholder letter and 10-Q report. An investor conference call and webcast will be held to discuss the quarter and business updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
conferences earnings
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) has signed a 54-month lease for a new headquarters in Fort Worth, Texas, aiming to streamline operations and accommodate growth. The company's executive team and support staff will relocate to the 25,000-square-foot space, aligning with their focus on direct store delivery (DSD). With the sale of its previous headquarters, Farmer Brothers anticipates moving into the new facility by the end of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none

FAQ

What is the current stock price of Farmer Bros Co (FARM)?

The current stock price of Farmer Bros Co (FARM) is $1.8 as of January 3, 2025.

What is the market cap of Farmer Bros Co (FARM)?

The market cap of Farmer Bros Co (FARM) is approximately 38.4M.

What does Farmer Bros Co. do?

Farmer Bros Co. is a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products. They serve various foodservice providers and retailers across the United States.

What are the key products of Farmer Bros Co.?

The company offers a range of products, including organic, fair trade, and sustainably produced coffee beans under brands like Artisan Collection™, Metropolitan™, Superior®, Cain’s™, and McGarvey®.

Who are the main customers of Farmer Bros Co.?

Farmer Bros Co. serves over 65,000 customers, including restaurants, hotels, casinos, offices, quick-service restaurants (QSRs), convenience stores, and healthcare facilities.

What recent changes has Farmer Bros Co. made in its operations?

The company has transitioned its focus to direct store delivery (DSD), sold its Northlake headquarters, centralized its roasting operations in Portland, Oregon, and reported improved financial metrics.

Who is the CEO of Farmer Bros Co.?

John Moore is the CEO of Farmer Bros Co. He has over 30 years of experience in the coffee industry.

What is the financial outlook for Farmer Bros Co.?

Farmer Bros Co. aims to achieve positive free cash flow by early fiscal 2025, with ongoing improvements in gross margins and adjusted EBITDA.

What sustainability practices does Farmer Bros Co. follow?

The company incorporates organic, fair trade, and sustainably produced coffee beans in its product lines, demonstrating a strong commitment to sustainability.

How can investors access Farmer Bros Co.’s financial reports?

Financial reports and shareholder letters can be found on the Investor Relations section of the company’s website and the SEC website.

What is the primary strategy of Farmer Bros Co. going forward?

Farmer Bros Co. is focusing on direct store delivery (DSD) to optimize operations, reduce costs, and drive long-term growth.

Where is Farmer Bros Co. headquartered?

Farmer Bros Co. is headquartered in Northlake, Texas, with plans to relocate to a new headquarters in Fort Worth, Texas.
Farmer Bros Co

Nasdaq:FARM

FARM Rankings

FARM Stock Data

38.43M
17.54M
18.51%
41.95%
0.3%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
Link
United States of America
FORT WORTH