---
schema_version: "secwatch.filing_event.v1"
accession: "0000034563-23-000051"
form_type: "8-K"
ticker: "FARM"
cik: "0000034563"
company_name: "FARMER BROTHERS CO"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:20:03.765742+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmer Bros. Q3 net loss $11.4M, net sales up 4% to $124.2M; debt covenant risk flagged

## Summary
- Net sales $124.2M (+4% YoY); DSD revenue grew double digits; DS down mid-single digits.
- Net loss $11.4M vs. $13.6M loss in Q2; gross margin 23.1% improved 20 bps sequentially.
- Adjusted EBITDA loss $800K (improved from -$3.1M in Q2); adj. EBITDA margin -0.6%.
- Outstanding debt $112.4M; company may not meet debt covenant by June 30, 2023; plans to cure or refinance.
- Launched SHOTT syrup concentrate line; REVIVE equipment service securing national accounts.

## SEC filing metadata
- accession: 0000034563-23-000051
- form_type: 8-K
- ticker: FARM
- cik: 0000034563
- company_name: FARMER BROTHERS CO
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/0000034563-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/farm-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034563-23-000051
- JSON: https://secwatch.observer/filing/0000034563-23-000051.json
- Plain text: https://secwatch.observer/filing/0000034563-23-000051.txt

## Key facts
- Earnings Releases
  FARMER BROTHERS CO reported third fiscal quarter ended March 31, 2023 results: revenue $124.2 million, net income $11.4 million.
  - Period: third fiscal quarter ended March 31, 2023
  - Revenue: $124.2 million
  - Net income: $11.4 million
  - Result: reported results
  source text: --- Farmer Brothers reports fiscal third quarter 2023 financial results and publishes quarterly shareholder letter Fiscal Q3 2023 net sales increased year-over-year to $124.2 million Sequential gross margin improved in fiscal Q3 2023 Significant progress in optimizing customer pricing structure and production operations NORTHLAKE, Texas, May 10, 2023 (GLOBE
  evidence_url: https://www.sec.gov/Archives/edgar/data/34563/000003456323000051/0000034563-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.