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 a new financing arrangement worth $127.5 million, comprising an $80 million asset-backed revolving credit facility and a $47.5 million term loan due April 2025. This replaces their existing revolving credit facility set to mature in November 2023, enhancing borrowing capacity at a lower cost. CFO Scott Drake emphasized the arrangement's role in improving liquidity and capital structure by leveraging real estate and equipment. The financing was led by Wells Fargo and allows for prepayment without penalties.
Farmer Bros. Co. (NASDAQ: FARM) announced its participation in Roth’s 33rd Annual Investor Conference on March 15-17, 2021. The company will engage in virtual one-on-one meetings and provide an updated Investor Presentation on its website. Founded in 1912, Farmer Bros. is a national coffee roaster and distributor offering a variety of products including organic and sustainably sourced coffee. The company caters to diverse clients from independent restaurants to large institutional buyers.
Farmer Bros. Co. (NASDAQ: FARM) reported a challenging second fiscal quarter ended December 31, 2020. Net sales fell by $47.9 million, or 31.4%, to $104.6 million, primarily due to COVID-19's negative impact on coffee sales. The company experienced a net loss of $17.7 million, down from a net income of $7.8 million in the prior year. Gross margin declined to 25.1% from 28.8%, while Adjusted EBITDA improved to $8.3 million, compared to $7.4 million last year. Despite these challenges, the company highlighted operational improvements and a new distribution center on the West Coast.
Farmer Bros. Co. (NASDAQ: FARM) announced that it will release its fiscal Q2 2021 financial results on February 4, 2021, after market close. The results will cover the period ending December 31, 2020. Following the release, management will host a conference call at 5:00 p.m. ET to discuss the financial outcomes. The earnings press release will be available on the Company's website. Founded in 1912, Farmer Bros. is a national coffee roaster and wholesaler serving a diverse clientele with a range of coffee and culinary products.
Farmer Bros. Co. (NASDAQ: FARM) has entered a strategic partnership with High Brew Coffee to distribute ready-to-drink (RTD) cold brew coffee. The agreement focuses on three flavors that will be piloted in Chicago, Houston, and Dallas, leveraging Farmer Brothers' extensive DSD network, which reached over 50,000 delivery points in 2020. The cold brew segment is growing rapidly, with a year-over-year increase of 27.6% in the past year. This partnership aims to enhance Farmer Brothers' market presence in the expanding RTD coffee category.
Farmer Bros. Co. (NASDAQ: FARM) will wind down its manufacturing operations in Houston, Texas, with production ending in late January 2021. This decision is part of the company’s supply chain optimization strategy, which includes enhancing its Dallas-Fort Worth facility and establishing a new distribution site in Rialto, California. CEO Deverl Maserang emphasized that this tough choice aims to strengthen the company's competitive position and future viability, while committing to supporting affected employees with severance and benefits.
Farmer Bros. Co. (NASDAQ: FARM) reported a net loss of $6.3 million for Q1 FY2021, compared to a profit of $4.7 million in the same period last year. Net sales declined by 29.8% to $97.3 million, with a 19.4% drop in green coffee volume processed. Gross margin fell to 23.0% from 29.3%, while operating expenses rose to 34.8% of sales. Adjusted EBITDA improved to $5.7 million from $4.0 million year-over-year. The company faces ongoing challenges due to COVID-19, but operational improvements and cost-saving initiatives were noted.
Farmer Bros. Co. (NASDAQ:FARM) will announce its financial results for the first quarter ending September 30, 2020, after the market closes on November 5, 2020. An investor conference call will be hosted by CEO Deverl Maserang and CFO Scott Drake at 5:00 p.m. ET to discuss these results. The earnings release will be available on the company’s website. Farmer Bros. Co. is a national coffee roaster and distributor, known for its sustainable coffee and tea products, serving diverse customers across the U.S.
Farmer Bros. Co. (NASDAQ: FARM) reported significant financial challenges for Q4 FY2020, with a net loss of $9.7 million, a decline from a $8.8 million loss in the previous year. Net sales plummeted by 42.9% to $81.1 million, driven by a 28% drop in green coffee volume processed, largely due to COVID-19 disruptions. Gross margin decreased to 19.2% from 26.6%. Despite efforts to implement cost-saving measures, operational expenses rose as a percentage of sales. Debt increased, but cash levels improved to $60 million, up from $7 million, reflecting enhanced liquidity efforts amidst ongoing market uncertainties.
