MARKET COMPOSITE
FARM - Farmer Bros. Co.7:43:35 PM 4/24/2024
Price
$3.10
-0.06 (-1.90%)
Farmer Bros. Co. is an American coffee foodservice company based in Northlake, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. D. Deverl Maserang II serves as the President and CEO of the company. In 1912, Roy E. Farmer started a small business roasting coffee beans and selling them door to door in Los Angeles, California. Following a decade of success, Farmer incorporated in 1923 while simultaneously expanding the scope of the company to include the sale of coffee equipment, marked by the acquisition of Western Urn Manufacturing. As the company grew, they began opening branch locations throughout California, quickly establishing a notable presence in developing San Francisco. Starting in the 1930s, Farmer Brothers diversified to include the sale and distribution of not just coffee beans and equipment, but a wider selection of supporting foodservice items.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue89.5MM+9%
Gross Profit36.1MM+17%
Cost Of Revenue53.3MM+4%
Operating Income4.5MM-313%
Operating Expenses31.7MM-4%
Net Income2.7MM-307%
G&A9.7MM-25%
Amortization600K-
Interest Expense1.9MM-14%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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    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

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    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 Che