Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and concentrated and ready-to-drink cold brew and iced coffee. It sells its products under the Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, Boyds, Direct Trade, Project D.I.R.E.C.T., Fair Trade Certified, Public Domain, Rainforest Alliance Certified, Un Momento, Collaborative Coffee, Cain's, and McGarvey brands, as well as under various private labels. The company serves small independent restaurants, foodservice operators, restaurants, department and convenience store chains, hotels, casinos, healthcare facilities, gourmet coffee houses, grocery chains, and foodservice distributors. It distributes its products through direct-store-delivery network, and common carriers or third-party distributors, as well as Website. Farmer Bros. Co. has strategic partnership with High Brew Coffee. Farmer Bros. Co. was founded in 1912 and is headquartered in Northlake, Texas.
IPO Year:
Exchange: NASDAQ
Website: farmerbros.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/1/2021 | $7.00 → $14.00 | Neutral → Buy | ROTH Capital |
4 - FARMER BROTHERS CO (0000034563) (Issuer)
4 - FARMER BROTHERS CO (0000034563) (Issuer)
Innovative greenhouse grower expands executive team to meet demand for its sustainable, flavorful, premium fruit and vegetables Nature Fresh Farms®, one of North America's leading growers of sustainable greenhouse produce, announced today Patrick Criteser is joining its executive team as Chief Executive Officer (CEO) to lead its rapid expansion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121271755/en/Patrick Criteser, Peter Quiring and John Ketler. (Photo: Business Wire) Over the last 25 years, Nature Fresh Farms has grown from a single, 18-acre greenhouse into an international produce leader known for sustainability, i
First quarter fiscal 2025 net sales of $85.1 million, up 4% on a year-over-year basisFirst quarter fiscal 2025 gross margin increase of 630 basis points year-over-year to 43.9%Reported net loss of $5 million and improved adjusted EBITDA1 of $1.4 million FORT WORTH, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its first quarter fiscal 2025 financial results for the period ended Sept. 30, 2024. The company filed its Form 10-Q, which can be found on the Investor Relations section of the company's website. "We are encouraged by the improvements we saw during the first quarter, particularly in terms of gross margins and adjusted EBITDA on a year-o
FORT WORTH, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) announced today it will publish its fiscal first quarter 2025 financial results for the period ended Sept. 30, 2024 with the filing of its 10-Q and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Nov. 7. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Thursday, Nov. 7 to provide a review of the quarter and business update. The live audio webcast along with the press release will be available on the Investor Relations section of the company's websi
Fiscal year 2024 gross margin increase of 560 basis points year-over-year to 39.3%Reported full year net loss of $3.9 million, increased full year adjusted EBITDA1 to $558,000Fiscal 2024 net sales of $341.1 million FORT WORTH, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its fourth quarter and full year fiscal 2024 financial results for the period ended June 30, 2024. The company filed its Form 10-K, which can be found on the Investor Relations section of the company's website. "This past year was a transformative one for Farmer Brothers," said President and Chief Executive Officer John Moore. "The decision to sell our direct ship busine
FORT WORTH, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) announced today it will publish its fiscal fourth quarter and full year 2024 financial results for the period ended June 30, 2024 with the filing of its 10-K and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Sept. 12. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Thursday, Sept. 12 to provide a review of the quarter and full fiscal year, and a business update. Callers who pre-register will be emailed dial-in details and a unique PIN to gain im
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 restricted stock units (RSUs) and 120,000 performance-based restricted stock units (PBRSUs). The RSUs will ratably vest in shares of the company's common stock over three years on each anni
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 John Moore. "We are excited to have him join our leadership team as we continue to unlock the full potential of our direct store delivery (DSD) network and drive strategic, long-term g
Fiscal Q3 2024 net sales of $85.4 million Gross margin increase of 660 basis points year-over-year to 40.1% NORTHLAKE, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its third quarter fiscal 2024 financial results for the period ended March 31, 2024. The company filed its Form 10-Q and published its quarterly shareholder letter, which contains additional details regarding the results. Both of those documents can be found on the Investor Relations section of the company's website. Financial resultsThird quarter fiscal 2024 net sales were $85.4 million compared to $85.7 million in the third quarter of fiscal 2023. Overall, net sales decreased slightl
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 Thursday, May 9 to provide a review of the quarter and business update. Callers who pre-register will be emailed dial-in details and a unique PIN to gain immediate access to the call and b
NORTHLAKE, Texas, March 26, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has entered into a 54-month lease agreement on a new headquarters in Fort Worth, Texas. The approximately 25,000-square-foot space, located at 14501 N. Freeway, Fort Worth, Texas 76177, will be home to the company's executive team and approximately 125 to 150 members of its support staff. "As we continue to focus on direct store delivery (DSD) and right size our organization, we wanted to find a location that would more efficiently meet our current business needs, while still giving us the opportunity to g
ROTH Capital upgraded Farmer Brothers Co. from Neutral to Buy and set a new price target of $14.00 from $7.00 previously
B. Riley FBR upgraded Farmer Bros from Neutral to Buy and set a new price target of $12.50
Roth Capital reiterated coverage of Farmer Bros with a rating of Neutral and set a new price target of $7.00 from $6.00 previously
Roth Capital reiterated coverage of Farmer Bros with a rating of Neutral and set a new price target of $7.00 from $6.00 previously
First quarter fiscal 2025 net sales of $85.1 million, up 4% on a year-over-year basisFirst quarter fiscal 2025 gross margin increase of 630 basis points year-over-year to 43.9%Reported net loss of $5 million and improved adjusted EBITDA1 of $1.4 million FORT WORTH, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its first quarter fiscal 2025 financial results for the period ended Sept. 30, 2024. The company filed its Form 10-Q, which can be found on the Investor Relations section of the company's website. "We are encouraged by the improvements we saw during the first quarter, particularly in terms of gross margins and adjusted EBITDA on a year-o
FORT WORTH, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) announced today it will publish its fiscal first quarter 2025 financial results for the period ended Sept. 30, 2024 with the filing of its 10-Q and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Nov. 7. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Thursday, Nov. 7 to provide a review of the quarter and business update. The live audio webcast along with the press release will be available on the Investor Relations section of the company's websi
Fiscal year 2024 gross margin increase of 560 basis points year-over-year to 39.3%Reported full year net loss of $3.9 million, increased full year adjusted EBITDA1 to $558,000Fiscal 2024 net sales of $341.1 million FORT WORTH, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its fourth quarter and full year fiscal 2024 financial results for the period ended June 30, 2024. The company filed its Form 10-K, which can be found on the Investor Relations section of the company's website. "This past year was a transformative one for Farmer Brothers," said President and Chief Executive Officer John Moore. "The decision to sell our direct ship busine
FORT WORTH, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) announced today it will publish its fiscal fourth quarter and full year 2024 financial results for the period ended June 30, 2024 with the filing of its 10-K and the issuing of its earnings results release, both of which will be posted on the Investor Relations section of its website after the close of market Thursday, Sept. 12. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Thursday, Sept. 12 to provide a review of the quarter and full fiscal year, and a business update. Callers who pre-register will be emailed dial-in details and a unique PIN to gain im
Fiscal Q3 2024 net sales of $85.4 million Gross margin increase of 660 basis points year-over-year to 40.1% NORTHLAKE, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) today reported its third quarter fiscal 2024 financial results for the period ended March 31, 2024. The company filed its Form 10-Q and published its quarterly shareholder letter, which contains additional details regarding the results. Both of those documents can be found on the Investor Relations section of the company's website. Financial resultsThird quarter fiscal 2024 net sales were $85.4 million compared to $85.7 million in the third quarter of fiscal 2023. Overall, net sales decreased slightl
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 Thursday, May 9 to provide a review of the quarter and business update. Callers who pre-register will be emailed dial-in details and a unique PIN to gain immediate access to the call and b
Fiscal Q2 2024 net sales of $89.5 millionGross margin increase of 550 basis points year-over-year to 40.4% NORTHLAKE, Texas, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) today reported its second quarter fiscal 2024 financial results for the period ended Dec. 31, 2023. The company filed its Form 10-Q and published its quarterly shareholder letter, which contains additional details regarding the results. Both of those documents can be found on the Investor Relations section of the company's website. "As we continue to transition our company to focus solely on what we have always done best – direct store delivery (DSD), we are pleased to see early momentum in several of
NORTHLAKE, Texas, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) announced today the company will publish its fiscal second quarter 2024 financial results for the period ended Dec. 31, 2023 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, Feb. 8. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Thursday, Feb. 8 to provide a review of the quarter and business update. Callers who pre-register will be emailed dial-in details and a unique PIN to gain immediate access to the call and
Fiscal Q1 2024 net sales of $81.9 million Gross margin increase of 380 basis points year-over-year to 37.6% Progress on key business transition initiatives and reorganization efforts position company for long-term growth and profitability NORTHLAKE, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) today reported its first quarter fiscal 2024 financial results for the period ended Sept. 30, 2023. The company filed its 10-Q and published its quarterly shareholder letter, which contains additional details regarding the results. Both of those documents can be found on the investor relations section of the company's website. "Farmer Brothers executed well in the fiscal
NORTHLAKE, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers (NASDAQ:FARM) announced today the company will publish its fiscal first quarter 2024 financial results for the period ended Sept. 30, 2023 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, Nov. 9, 2023. The company will also host an audio-only investor conference call and webcast at 5 p.m. Eastern on Nov. 9, 2023, to provide a review of the quarter and business update in prepared remarks. Callers who pre-register will be emailed dial-in details and a unique PIN to gain immediate
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HOBOKEN, N.J., Dec. 19, 2023 /PRNewswire/ -- The Hain Celestial Group, Inc. (NASDAQ:HAIN) ("Hain Celestial", or the "Company"), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, announced today that it has named Amber Jefferson as its new Chief People Officer. In this role, Jefferson will oversee the company's global human resources function and provide leadership for the culture and talent strategy to enable the Hain Reimagined transformation rolled out earlier this year. Jefferson, who will join the compa
NORTHLAKE, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Farmer Brothers Company (NASDAQ:FARM), a leading roaster, wholesaler, equipment servicer and distributor of coffee, tea and other allied products, announced today it has commenced a transition of the chief executive officer role. Under the transition plan, the board of directors and Chief Executive Officer Deverl Maserang have mutually agreed his employment with Farmer Brothers will conclude on Sept. 30 and he will complete his current term as a member of the board, unless his permanent successor is identified prior to the end of his term. Farmer Brothers' current Head of Coffee John Moore will assume the role of interim CEO starting
NORTHLAKE, Texas, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ:FARM) ("the Company"), a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products, today announced the appointment of Waheed Zaman to the Company's Board of Directors, effective September 1, 2021. Mr. Zaman, who will serve on the Board's Audit Committee, brings more than 35 years of Global Consumer experience. He has extensive experience working with multiple Boards of Directors and has led transformational enterprise-wide change across Corporate Strategy, IT, Supply Chain, and Consumer and Retail Analytics. Currently, Mr. Zaman serves as the Chief Executive Officer of W&A Consu
4 - FARMER BROTHERS CO (0000034563) (Issuer)
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Craig-Hallum analyst Eric Des Lauriers initiates coverage on Farmer Bros (NASDAQ:FARM) with a Buy rating and announces Price Target of $6.
Flood waters in South Florida may continue to rise due to persistent torrential rains this week, while the impact on shares of major insurance providers is yet to be determined, with stocks showing little change as of Thursday. Miami and Miami Beach received about 6 inches of rain on Tuesday, while Hollywood got about 5 inches, according to the National Weather Service. On Wednesday, Florida Gov. Ron DeSantis declared a state of emergency across South Florida. More rain has been forecasted for the rest of the week, leading the weather service office in Miami to extend a flash flood watch through Thursday. Some places could see another 6 inches of rain, the AP reported. Shares of Pro
Farmer Bros (NASDAQ:FARM) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.16) by 81.25 percent. This is a 91.18 percent increase over losses of $(0.34) per share from the same period last year. The company reported quarterly sales of $85.358 million which missed the analyst consensus estimate of $88.500 million by 3.55 percent. This is a 0.43 percent decrease over sales of $85.723 million the same period last year.
Gainers Farmer Bros (NASDAQ:FARM) stock increased by 4.8% to $3.48 during Tuesday's after-market session. The company's market cap stands at $73.3 million. Pricesmart (NASDAQ:PSMT) stock moved upwards by 4.69% to $86.99. The market value of their outstanding shares is at $2.6 billion. As per the press release, Q2 earnings came out today. Hempacco (NASDAQ:HPCO) shares rose 4.34% to $1.44. The market value of their outstanding shares is at $5.2 million. Elevai Labs (NASDAQ:ELAB) stock rose 3.63% to $0.62. The company's market cap stands at $10.7 million. Mangoceuticals (NASDAQ:MGRX) shares moved upwards by 2.61% to $0.28. The company's market cap stands at $6.3 million. Bruush Oral Care
Farmer Brothers (NASDAQ:FARM) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has entered into a 54-month lease agreement on a new headquarters in Fort Worth, Texas. The approximately 25,000-square-foot space, located at 14501 N. Freeway, Fort Worth, Texas 76177, will be home to the company's executive team and approximately 125 to 150 members of its support staff."As we continue to focus on direct store delivery (DSD) and right size our organization, we wanted to find a location that would more efficiently meet our current business needs, while still giving us the opportunity to grow. We feel fortunate to have found a location in close p
Farmer Bros (NASDAQ:FARM) reported quarterly earnings of $0.13 per share. The company reported quarterly sales of $89.45 million which beat the analyst consensus estimate of $88.50 million by 1.08 percent. This is a 32.59 percent decrease over sales of $132.69 million the same period last year.
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Farmer Bros (NASDAQ:FARM) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement. Analysts estimate that Farmer Bros will report an earnings per share (EPS) of $-0.21. Farmer Bros bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.23, which was followed by a 8.76% drop in the share
Farmer Brothers (NASDAQ:FARM) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed John Moore as president and chief executive officer (CEO). Mr. Moore has served as interim CEO since October 2023. His appointment follows a robust evaluation process conducted by the company's board and its advisors. "John has more than 30 years of experience in the coffee industry and has worked directly in every stage of the coffee value chain at both a national and international level. His deep expertise and proven leadership will guide Farmer Brothers as we reposition the company and focus on leveraging our nationwide direct store delivery sys