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.
Farmer Bros. Co. (NASDAQ:FARM) announced the issuance of 39,062 restricted stock units to Charles Cahn, its new Vice President of Revive Service Restoration™, under the 2020 Inducement Incentive Plan. This award, designed to attract new talent, will vest over three years, contingent on Cahn's continued employment. The Inducement Plan complies with Nasdaq Listing Rules and supports the company's strategy to strengthen its workforce. Founded in 1912, Farmer Bros. is a leading distributor of coffee, tea, and culinary products nationally.
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.
