Farmer Bros. Coffee Gets Hot [Seeking Alpha]
Farmer Brothers Company (FARM)
Last farmer brothers company earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
farmerbrothers.gcs-web.com/investor-overview
Company Research
Source: Seeking Alpha
Large shareholders are closely monitoring the company's latest developments. The conference call discussed the company's earnings and future prospects. Sooner rather than later, everybody knew that Farmer Bros. Co. NASDAQ: FARM ) would become hot again, as history tends to repeat itself. Farmer Brothers has enjoyed successful turnarounds in the past, and that's exactly what seems to be happening again as the coffee purveyor produced a superb second quarter earnings report. Second quarter earnings were solid: although sales were relatively flat at $89.50 million, FARM turned profitable, earning 13 cents versus a 73 cent loss. This was attributable to improved pricing, lower commodity pricing, and a $6.20 million gain from branch real estate sales. The company's gross profit margin soared 550 basis points from 34.90% to 40.40% and EBITDA improved $4.50 million from a loss of $2.20 million to a gain of $2.30 million. Balance sheet and liquidity: cash improved slightly to $6.90 m
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FARM
News
- Farmer Brothers to report fiscal third quarter 2024 financial resultsGlobeNewswire
- The past five years for Farmer Bros (NASDAQ:FARM) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- SHOTT Showcases 100 Unrivaled Flavored Syrups at 2024 Specialty Coffee Expo [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Performance Food Group, Sprouts Farmers Market and Farmer Bros [Yahoo! Finance]Yahoo! Finance
- Watch These 3 Natural Food Stocks on Stellar Industry Trends [Yahoo! Finance]Yahoo! Finance
FARM
Earnings
- 2/8/24 - Beat
FARM
Sec Filings
- 5/3/24 - Form 8-K/A
- 4/1/24 - Form 4
- 3/15/24 - Form 4/A
- FARM's page on the SEC website