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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.

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.

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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 (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 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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Deverl Maserang to depart upon appointment of successor. Farmer Brothers Company announces transition of CEO role. John Moore to serve as interim CEO starting Oct. 1. Transition unrelated to operational concerns. Company focused on right sizing operating costs. New leadership sought for profitable growth.
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Farmer Brothers to publish Q4 and full year 2023 financial results on Sept. 12, 2023
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Farmer Brothers to publish Q4 and full year 2023 financial results on Sept. 5, 2023. Investor conference call on Aug. 23, 2023.
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TreeHouse Foods completes acquisition of coffee facility and business from Farmer Brothers
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Farmer Brothers Company has completed the sale of its direct ship business to TreeHouse Foods for approximately $100 million. The proceeds were used to pay off a $47 million term loan and a portion of outstanding debt. The amended ABL agreement provides more flexibility with financial covenants. Farmer Brothers will focus on improving margins through its direct store delivery and key account sales channels.
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FAQ

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

The current stock price of Farmer Brother (FARM) is $3.04 as of February 21, 2025.

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

The market cap of Farmer Brother (FARM) is approximately 55.3M.

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 Brother

Nasdaq:FARM

FARM Rankings

FARM Stock Data

55.26M
17.55M
17.89%
41.45%
0.4%
Packaged Foods
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United States
NORTHLAKE