{"schema_version":"secwatch.filing_event.v1","accession":"0000034563-23-000065","form_type":"8-K","ticker":"FARM","cik":"0000034563","company_name":"FARMER BROTHERS CO","filed_at":"2023-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.306787+00:00","generated_at":"2026-06-10T21:27:26.537490+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Farmer Bros reports FY2023 net loss of $34M, Q4 adj EBITDA loss $7.2M; debt reduced via $100M divestiture","bullets":["FY2023 net sales $340M (+8% YoY); gross margin fell to 34% from 43% due to higher coffee costs and hedging losses.","Q4 net sales $85.5M (flat QoQ), gross margin 32.5%, net loss $16.9M, adjusted EBITDA loss $7.2M.","Completed sale of direct ship customers and Northlake facility to TreeHouse for ~$100M; proceeds used to pay down $45M term loan and reduce ABL debt.","New AI-backed pricing engine implemented May 2023 driving three-to-four times more margin impact than prior methods; price concessions down ~80%.","CEO expects Q1 FY2024 profitability impacted by transition, but positive free cash flow inflection in coming quarters."],"urls":{"canonical":"https://secwatch.observer/filing/0000034563-23-000065","json":"https://secwatch.observer/filing/0000034563-23-000065.json","markdown":"https://secwatch.observer/filing/0000034563-23-000065.md","text":"https://secwatch.observer/filing/0000034563-23-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/0000034563-23-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/farm-20230912.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:27:26.537490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e5084dbd7393bd86f8d6d3fe4de167b231d78cd","claim":"FARMER BROTHERS CO reported financial results for fourth fiscal quarter ended June 30, 2023.","evidence_excerpt":"On September 12, 2023 , Farmer Bros. Co., a Delaware corporation (the \"Company\"), issued a press release announcing its financial results for its fourth fiscal quarter ended June 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/0000034563-23-000065-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth fiscal quarter ended June 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f1077072bdfb3a220012dea7af2151febca52d89","claim":"FARMER BROTHERS CO reported fiscal year 2023 results: revenue Fiscal year 2023 net sales from continuing operations of $340 million.","evidence_excerpt":"Farmer Brothers reports fourth quarter and fiscal 2023 financial results and publishes quarterly shareholder letter Fiscal year 2023 net sales from continuing operations of $340 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/0000034563-23-000065-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"Fiscal year 2023 net sales from continuing operations of $340 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}