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Stock impact report

Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2019 Financial Results

Farmer Brothers Company (FARM) 
Last farmer brothers company earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
NORTHLAKE, Texas, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) today reported financial results for its fourth quarter and fiscal year ended June 30, 2019. Fourth Quarter Fiscal 2019 Highlights: Volume of green coffee processed and sold was flat at 27.4 million pounds compared to the prior year period.• Green coffee pounds processed and sold through our DSD network were 8.9 million, or 32.4% of total green coffee pounds processed and sold• Direct ship customers represented 18.2 million, or 66.5%, of total green coffee pounds processed and sold• Distributor customers represented 0.3 million pounds, or 1.1%, of total green coffee pounds processed and soldNet sales were $142.1 million, a decrease of $7.5 million, or 5.0%, from the prior year period;Gross margin decreased to 26.6% from 35.3% in the prior year period, while operating expenses as percentage of sales improved to 31.5% from 33.9% in the prior year period;Net loss was $8.8 million comp Show less Read more
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