STOCK TITAN

Farmer Brother - FARM STOCK NEWS

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 Brothers (FARM) maintains this dedicated news hub for investors and industry stakeholders tracking developments in coffee distribution and foodservice solutions. Our news collection provides timely updates on operational milestones, financial disclosures, and strategic initiatives from this established coffee roaster and culinary products provider.

This resource consolidates essential information about FARM's sustainable sourcing practices, Direct Store Delivery network enhancements, and product innovation efforts. Users will find press releases covering earnings reports, leadership changes, facility expansions, and sustainability achievements alongside analysis of market positioning within the competitive foodservice distribution sector.

All content undergoes strict verification to ensure accuracy and relevance for financial decision-making. The archive serves both casual observers and professional analysts requiring detailed insights into FARM's operational strategies and industry relationships.

Bookmark this page for streamlined access to verified updates about Farmer Brothers' partnerships with hospitality providers, retail expansions, and quality assurance programs. Check regularly for new developments affecting the company's position in coffee wholesale markets and foodservice logistics.

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
-
Rhea-AI Summary
Farmer Brothers appoints Terry O’Brien, a seasoned executive in the food manufacturing industry, to its board of directors. Mr. O’Brien's extensive experience in leading financial turnarounds and driving growth makes him a valuable addition to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
Tags
management
-
Rhea-AI Summary
Farmer Brothers appoints Matthew Swenson as vice president of coffee operations, granting him 19,337 shares of restricted stock units. Swenson, with extensive coffee industry experience, will oversee key areas of the company. The appointment aligns with the company's focus on direct store delivery business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.14%
Tags
none
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will participate in investor conferences and industry tradeshows, including the ROTH 36th Capital Conference and Bar and Restaurant Expo, showcasing its coffee products and flavored syrups.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.17%
Tags
conferences
-
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) reported fiscal Q2 2024 net sales of $89.5 million, with a gross margin increase of 550 basis points year-over-year to 40.4%. The company anticipates being free cash flow positive by early fiscal 2025, with net sales positively impacted by higher pricing but offset by a decrease in coffee and allied products volume. Operating expenses decreased, and net income from continuing operations increased to $2.7 million in the second quarter of fiscal 2024. Adjusted EBITDA for the same period was $2.3 million, indicating an improvement in financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.63%
Tags
-
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) has appointed John Moore as president and CEO after a robust evaluation process. Moore has over 30 years of experience in the coffee industry and will focus on repositioning the company and leveraging its direct store delivery system for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
none
Rhea-AI Summary
Farmer Brothers (NASDAQ: FARM) will release its fiscal second quarter 2024 financial results on Feb. 8, 2024. The company will also hold an investor conference call to provide a review of the quarter and business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
conferences earnings
Farmer Brother

Nasdaq:FARM

FARM Rankings

FARM Stock Data

37.62M
16.20M
23.73%
42.24%
0.73%
Packaged Foods
Miscellaneous Food Preparations & Kindred Products
Link
United States
NORTHLAKE