Farmer Bros. reports Q2 EPS (1c), consensus (5c)

Reports Q2 revenue $90M, consensus $91.16M. Adjusted EBITDA1 was $5.9 M, an increase of almost $3.6M, compared to $2.3 M in the second quarter of fiscal 2024…”The second quarter was one of our strongest performing quarters in quite some time despite the challenging market environment,” said Farmer Brothers President and Chief Executive Officer John Moore. “We saw continued improvements in sales, operating expenses and adjusted EBITDA , as well as gross margins above 43% for the second straight quarter. Farmer Brothers’ core focus at this time is on driving growth in top line, coffee pounds and customer counts, while continuing to optimize operations.” “Looking ahead, we continue to focus on executing and navigating difficult macroeconomic conditions and believe these results underscore the positive impact of the changes we have made to focus on DSD operations and optimize the business over the last 18 months. We feel we are better positioned than we have been in a long time to realize significant positive gains and long-term growth and profitability once market conditions become more favorable.” Second quarter 2025 business highlights Enhanced leadership team in January with the addition of Vice President of Sales Brian Miller to lead the sales force and the transition of Vice President and Chief Field Operations Officer Tom Bauer to an operations-focused leadership role. Completed additional milestones related to SKU rationalization and brand pyramid initiatives, which are on track to be completed in the third quarter of fiscal 2025.