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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.

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.

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.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Hain Celestial Group, Inc. (Nasdaq: HAIN) announced the appointment of Amber Jefferson as its new Chief People Officer. Jefferson will lead the company's global human resources function and culture and talent strategy. She brings over 20 years of experience in consumer goods, retail, foodservice, and travel industries. Jefferson will report to Wendy Davidson, CEO, and will serve on the Executive Leadership Team.
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FAQ

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

The current stock price of Farmer Brother (FARM) is $2.21 as of April 1, 2025.

What is the market cap of Farmer Brother (FARM)?

The market cap of Farmer Brother (FARM) is approximately 46.7M.

What is the core business of Farmer Brother?

Farmer Brother is primarily engaged in roasting, wholesaling, and distributing premium coffee, tea, and culinary products to foodservice establishments and retailers across the United States.

Which product categories does the company offer?

The company offers a diverse range including roasted coffee, various tea selections, culinary spices, mixes, and other beverage-related products designed for both hot and cold applications.

Who are the primary customers of Farmer Brother?

Farmer Brother caters to an extensive network that includes restaurants, hotels, casinos, offices, convenience stores, healthcare facilities, and gourmet coffee houses among other foodservice providers.

How does Farmer Brother differentiate itself from competitors?

The company stands out through its direct distribution model, emphasis on sustainably sourced and premium quality products, and comprehensive beverage planning services that ensure timely delivery and consistency.

What role does sustainability play in its operations?

Sustainability is a core tenet at Farmer Brother, reflected in its sourcing of organically grown and fair trade coffee beans, ensuring ethical production practices that support long-term environmental and social responsibility.

Can you explain the Direct Store Delivery (DSD) model used by Farmer Brother?

The DSD model allows Farmer Brother to deliver products directly to retail outlets and foodservice locations, reducing intermediaries, enhancing delivery speed, and ensuring that products maintain their quality from production to point-of-sale.

How extensive is the company’s product portfolio?

Farmer Brother boasts an extensive portfolio that spans premium coffee varieties, artisanal teas, and diverse culinary products, all designed to meet the varied demands of both small and large foodservice operators.

What expertise does Farmer Brother bring to the foodservice industry?

With decades of experience, the company leverages advanced beverage planning, centralized roasting operations, and efficient direct distribution networks, making it a trusted and knowledgeable partner for businesses in the foodservice sector.
Farmer Brother

Nasdaq:FARM

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FARM Stock Data

46.65M
16.12M
23.73%
42.24%
0.73%
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