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Farmer Brothers Company (FARM)
NASDAQ:FARM
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.06Last Year’s EPS
$0.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -2.73%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted solid improvements in adjusted EBITDA, gross margin, and cash flow from operations, reflecting positive progress in strategic initiatives. However, the increase in operating expenses and net loss, along with challenges in the coffee commodity markets, present ongoing concerns.Company Guidance
During the Farmer Brothers Q1 2025 earnings call, significant guidance was provided highlighting the company's positive financial performance and strategic initiatives. The quarter saw a notable improvement in adjusted EBITDA, which was $1.4 million, marking an increase of $1.9 million year-over-year and a sequential improvement of nearly $3 million. Gross margin expanded by 630 basis points year-over-year to 43.9%, driven by price optimization and efforts to address coffee commodity market fluctuations. Net sales reached $85.1 million, a 4% increase from the previous year, contributing to a $6.5 million rise in gross profit. Operating expenses were $40.1 million, representing 47.2% of net sales, adjusted for asset sales, showing a year-over-year decline in operating expenses by 3.2% of net sales. The company maintained a focus on optimizing DSD routes, SKU rationalization, and brand initiatives, which included a nationwide rollout of Boyd's Coffee and plans to reintroduce Farmer Brothers into the specialty coffee market. Despite a net loss of $5 million, compared to a $1.6 million loss last year, the company improved its cash flow from operating activities to a positive $2.5 million, marking five consecutive quarters of improvement. Management emphasized ongoing strategic pricing, operational efficiencies, and customer service enhancements as key drivers for sustainable growth amidst market volatility.Improvement in Adjusted EBITDA
Adjusted EBITDA for the quarter was positive at $1.4 million, an improvement of $1.9 million year-over-year from a $500,000 loss last year, and a $3 million improvement quarter-over-quarter from a $1.6 million loss in the previous quarter.
Significant Gross Margin Expansion
Gross margin increased by 630 basis points year-over-year to 43.9% and increased 510 basis points sequentially.
Successful SKU Rationalization and Brand Initiatives
Efforts in SKU rationalization and brand pyramid initiatives led to the successful refresh of the premium Boyd's Coffee brand, now being rolled out nationally.
Positive Cash Flow from Operating Activities
Improved cash flow from operating activities to $2.5 million, marking a $9.6 million improvement year-over-year and a $3.5 million improvement quarter-over-quarter.
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FARM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FARM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.83 | $2.13 | +16.39% |
| Sep 12, 2024 | $2.64 | $2.31 | -12.50% |
| May 09, 2024 | $3.31 | $3.21 | -3.02% |
| Feb 08, 2024 | $3.12 | $3.67 | +17.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Farmer Brothers Company (FARM) report earnings?
Farmer Brothers Company (FARM) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Farmer Brothers Company (FARM) earnings time?
Farmer Brothers Company (FARM) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FARM EPS forecast?
FARM EPS forecast for the fiscal quarter 2025 (Q2) is -$0.06.
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