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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.

News

Farmer Brothers Names Terry O’Brien to Board of Directors

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.
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Farmer Brothers Names Matthew Swenson Vice President of Coffee Operations

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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 to Participate in 36th Annual ROTH Conference and Upcoming Industry Tradeshows

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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 reports second quarter fiscal 2024 financial results and publishes quarterly shareholder letter

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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 Names John Moore Chief Executive Officer

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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 to report fiscal second quarter 2024 financial results

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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 Announces Amber Jefferson as New Chief People Officer

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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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Farmer Brothers reports first quarter fiscal 2024 financial results and publishes quarterly shareholder letter

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Farmer Brothers (NASDAQ: FARM) reported fiscal Q1 2024 net sales of $81.9 million with a gross margin increase of 380 basis points year-over-year to 37.6%. The company is focused on transitioning to its largest and most profitable business - direct store delivery. Supported by favorable coffee pricing trends, they expect to see momentum and improving results throughout the fiscal year, aiming for positive free cash flow in early fiscal 2025.
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Farmer Brothers to report fiscal first quarter 2024 financial results

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Farmer Brothers (NASDAQ: FARM) will release its fiscal first quarter 2024 financial results on Nov. 9, 2023. The results will be published with the filing of its 10-Q and quarterly shareholder letter, both available on the company's website. An investor conference call and webcast will also be held at 5 p.m. Eastern on the same day.
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Farmer Brothers reports fourth quarter and fiscal 2023 financial results and publishes quarterly shareholder letter

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Farmer Brothers reported net sales of $340 million for fiscal year 2023 and used $100 million to pay down debt. CEO optimistic about improved pricing and margins. Company focuses on revitalizing DSD business and expects positive free cash flow in coming quarters.
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FAQ

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

The current stock price of Farmer Bros Co (FARM) is $1.81 as of January 6, 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.
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Farmer Bros Co

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#5076 Ranked by Market Cap
N/A Ranked by Dividends

FARM Stock Data

38.43M
17.54M
17.89%
41.79%
0.26%
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