Farmer Brother Stock Price, News & Analysis

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.

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.

Summary not available.