---
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"
generated_at: "2026-06-10T21:27:26.537490+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Farmer Bros reports FY2023 net loss of $34M, Q4 adj EBITDA loss $7.2M; debt reduced via $100M divestiture

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034563-23-000065
- JSON: https://secwatch.observer/filing/0000034563-23-000065.json
- Plain text: https://secwatch.observer/filing/0000034563-23-000065.txt

## Key facts
- Earnings Releases
  FARMER BROTHERS CO reported financial results for fourth fiscal quarter ended June 30, 2023.
  - Period: fourth fiscal quarter ended June 30, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/0000034563-23-000065-index.htm
- Earnings Releases
  FARMER BROTHERS CO reported fiscal year 2023 results: revenue Fiscal year 2023 net sales from continuing operations of $340 million.
  - Period: fiscal year 2023
  - Revenue: Fiscal year 2023 net sales from continuing operations of $340 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/34563/000003456323000065/0000034563-23-000065-index.htm

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