IRVING, Texas, July 02, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers Co., a Delaware corporation, (NASDAQ: FARM) reported today the company issued certain inducement awards under the Farmer Bros. Co. 2020 Inducement Incentive Plan to Chief Financial Officer Vance Fisher pursuant to Nasdaq Listing Rule 5635(c)(4). The inducement awards, granted effective as of July 1, 2024, were previously approved by the company’s board of directors and its compensation committee thereof and consist of 60,000 time-vesting restr ...

NORTHLAKE, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today it has appointed Vance Fisher as chief financial officer. Brad Bollner, who has served as the company's interim CFO since August 2023, will remain with the company as its vice president of finance. "Vance is an experienced CFO with a proven track record of helping organizations grow revenue and EBITDA," said Chief Executive Officer ...

NORTHLAKE, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM) a leading roaster, wholesaler and distributor of coffee, tea and allied products, announced today it has appointed Vance Fisher as chief financial officer. Brad Bollner, who has served as the company’s interim CFO since August 2023, will remain with the company as its vice president of finance. “Vance is an experienced CFO with a proven track record of helping organizations grow revenue and EBITDA,” said Chief Executive Office ...

财务数据和关键指标变化 - 第三季度净销售额相对去年同期基本持平,为8540万美元,受总销量下降的影响,但被价格上涨所抵消 [19] - 毛利率同比增加660个基点,从33.5%提升至40.1%,主要得益于定价改善和原材料成本下降 [20] - 营业费用略有下降,从3560万美元降至3470万美元,主要由于资产处置收益增加2.3百万美元,部分被销售费用增加1.3百万美元所抵消 [21] - 持续经营净亏损从690万美元收窄至68.2万美元,改善超过620万美元 [22] - 调整后EBITDA由亏损579万美元转为盈利271万美元 [23] 各条业务线数据和关键指标变化 - 公司正在进行品牌金字塔和SKU精简计划,已有超过一半的新SKU进入库存,有助于提升生产和库存管理效率 [10][11] - 新的品牌架构将包括传统、高端和特色三个层级,有助于简化产品线并创造运营和成本效率 [9][10] 各个市场数据和关键指标变化 - 公司正在优化配送路线和提升现场服务能力,已完成销售人员手持设备升级,有助于改善库存管理、开票和客户服务 [12][13] - 客户流失趋势已经趋于稳定,接近中性甚至略有好转,这是一个重要的转折点 [13][34][35] 公司战略和发展方向及行业竞争 - 公司正在向直送配送模式转型,聚焦于提升客户关注度和增长、改善成本结构、提升利润率、拓展新兴产品市场份额以及完成直接发货业务的过渡服务 [15] - 公司相信仍有大量的运营和成本效率以及收入增长潜力有待释放,有信心建立支持长期盈利增长和价值创造的基础 [28] 管理层对经营环境和未来前景的评论 - 公司正在取得积极进展,但转型工作尚未完成,仍有大量改善空间 [14][28] - 公司不期望季度业绩呈线性增长,这种规模的变革需要时间和耐心 [14] - 公司相信自身有巨大的潜力,能够产生可观的持续股东价值 [28] 问答环节重要的提问和回答 问题1 **Gerry Sweeny 提问** 客户流失趋势是否已经触底并开始好转 [33] **John Moore 回答** 客户流失趋势已经大幅改善,接近中性甚至略有好转,这是一个重要的转折点 [34][35][36] 问题2 **Gerry Sweeny 提问** SKU精简和生产优化的进度如何,还有多大改善空间 [38] **John Moore 回答** 公司正处于中早期阶段,已取得显著进步,但仍有大量改善空间,未来将继续优化生产计划和库存管理 [39][40][41][42][43][44][45][46][47] 问题3 **Eric Des Lauriers 提问** 新的品牌架构和产品线规划的进展如何,客户反馈如何 [67] **John Moore 回答** 公司已基本确定传统、高端和特色三个品牌层级,客户反馈较为积极,生产和供应链效率也有明显提升 [68][69][70][71][72][73][74][77]

Farmer Brothers (FARM) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this coffee and tea company would post a loss of $0.21 per share when it actually produced a loss of $0.10, delivering a surprise of 52.38%.Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34249 FARMER BROS. CO. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-0725980 (State or Other Jurisdiction ...

Exhibit 99.2 Third quarter fiscal 2024 letter to shareholders Exhibit 99.2 Dear shareholders, In our fiscal third quarter, we were pleased to maintain the positive year-over-year gains we have made in several of our key metrics, including gross ma ...

NORTHLAKE, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ: FARM) announced today the company will publish its fiscal third quarter 2024 financial results for the period ended March 31, 2024 with the filing of its 10-Q and the issuing of its quarterly shareholder letter, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, May 9. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Th ...

The growing health consciousness among consumers and their inclination toward nutritious and wholesome products have been advantageous for firms operating in the Zacks Natural Foods Products industry. Companies are bolstering their product portfolios through creative offerings and strategic acquisitions. Furthermore, certain players are channeling increased investments into augmenting their digital capabilities.However, industry players have been struggling with the challenges associated with escalating ope ...

NORTHLAKE, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM), a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed Terry O'Brien to its board of directors. Mr. O'Brien brings to the Farmer Brothers board more than three decades of experience in executive leadership in the food manufacturing industry, including overseeing successful financial turnarounds. He currently serves as the Chief Executive Officer of Chef Holdings, t ...