Farmer Bros. Q2 net sales +12% to $132.7M; net loss $13.6M vs $5.4M; Adj EBITDA loss $3.1M

FARMER BROTHERS CO

2023-Q2 EPS reported -$1.09 revenue$254,073,000

Net sales $132.7M (+12% YoY); net loss $13.6M vs $5.4M loss prior year.
Gross margin 22.9% (down from 29.5% YoY) but sequentially improved; expects margin recovery in H2.
Adjusted EBITDA loss $3.1M vs income $4.5M prior year; sequentially improved from loss $4.9M.
Unrestricted cash grew ~$8M to >$17M; appointed new head of DSD business.
CEO states Q2 likely high-water mark for coffee cost per pound; expects margin improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FARMER BROTHERS CO reported financial results for its second fiscal quarter ended December 31, 2022.

Period: its second fiscal quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 8, 2023 , Farmer Bros. Co., a Delaware corporation (the "Company"), issued a press release announcing its financial results for its second fiscal quarter ended December 31, 2022.

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FARMER BROTHERS CO filing history →

Source: SEC EDGAR

accession 0000034563-23-000005

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