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Saturday, March 6, 2021

Farmer Brothers: Fiscal 2Q Earnings Snapshot

by AP News.

NORTHLAKE, Texas (AP) _ Farmer Brothers Co. (FARM) on Thursday reported a fiscal second-quarter loss of $17.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Northlake, Texas-based company said it had a loss of $1.02. Losses, adjusted for pretax expenses and asset impairment costs, were 19 cents per share.

The coffee and tea company posted revenue of $104.6 million in the period.

Farmer Brothers shares have risen 49% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.95, a decrease of 41% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FARM at https://www.zacks.com/ap/FARM

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