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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.
Farmer Bros. Co. (NASDAQ: FARM) announced the issuance of 71,834 restricted stock units under its 2020 Inducement Incentive Plan. The awards were granted to three new executives: Amber Jefferson, Jared Vitemb, and Matt Coffman, with vesting periods ranging from 2024 to 2025 based on continued employment. This issuance complies with Nasdaq Listing Rule 5635(c)(4) for promoting new hires. Farmer Bros. is a national coffee roaster and distributor with a diverse product line serving various customers, from independent restaurants to large grocery chains.
Farmer Bros. Co. (NASDAQ: FARM) reported a 28.2% increase in net sales to $119.4 million for Q3 FY2022, driven by recovery in direct-store-delivery and Direct Ship channels. Gross margin expanded to 29.8%, up from 25.6% a year earlier, marking the seventh consecutive quarter of growth. Net loss improved to $4.0 million from $13.7 million a year prior, with adjusted EBITDA reaching $5.0 million, the highest since the pandemic began. Total debt stood at $101.1 million, with cash of $10.4 million.
Farmer Bros. Co. (NASDAQ: FARM) will release financial results for its 2022 fiscal third quarter, ending March 31, 2022, after market close on May 5, 2022. An investor conference call will be held that same day at 4:00 p.m. ET to discuss the results. Investors can access the earnings press release on the company's website. Established in 1912, Farmer Bros. is a national coffee roaster and distributor, offering a diverse range of products, including organic and sustainably produced coffee, serving various customers from small restaurants to large chains.
Farmer Bros. Co. (NASDAQ: FARM) has released an updated investor presentation highlighting ongoing improvements in sales and customer acquisition. CEO Deverl Maserang noted that recent sales data indicates a recovery toward pre-COVID levels in various regions. The company continues to attract new customers, and the operational leverage built into the business positions it well for future growth and profitability. The investor presentation is available on the company's website, and a Fireside Chat was held on March 14, 2022, to discuss these updates.
Farmer Bros. Co. (NASDAQ: FARM) announced its participation in Roth’s 34th Annual Investor Conference on March 14-15, 2022. The company will host virtual one-on-one meetings and participate in a live-streamed Fireside Chat on March 14 at 9:30 a.m. PT. An updated investor presentation will also be shared on the morning of March 14. Farmer Bros. Co. has been a key player in the coffee industry since 1912, offering a variety of products including organic and sustainably sourced coffee to a diverse customer base across the U.S.
Farmer Bros. Co. (NASDAQ: FARM) reported its Q2 FY2022 results, showing a net sales increase to $118.4 million, up 13.3% year-over-year. Gross margin grew to 29.5% from 25.1% in the prior year, and net loss reduced to $5.4 million from $17.7 million. Adjusted EBITDA fell to $4.5 million, down from $8.3 million a year prior. The company noted continued improvement in the direct-store-delivery (DSD) channel despite challenges from the Omicron variant and inflation. Total debt stood at $91.0 million with cash and equivalents at $3.6 million.
Farmer Bros. Co. (NASDAQ: FARM) announced it will release its financial results for the fiscal second quarter ended December 31, 2021, after market close on February 3, 2022. An audio-only investor conference call will follow at 5:00 p.m. ET the same day. The earnings press release will be accessible on the company’s website under “Investor Relations.” Founded in 1912, Farmer Bros. is a national coffee roaster and distributor, offering a variety of coffee, tea, and culinary products to different customer segments.
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