Farmer Bros Co (FARM) Misses Q1 EPS by 9c
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Farmer Bros. Co. Reports First Quarter Fiscal 2019 Financial Results
November 7, 2018 4:05 PM ESTNORTHLAKE, Texas, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the "Company") today reported financial results for its first fiscal quarter ended September 30, 2018.
First Quarter Fiscal 2019 Highlights:
Volume of green coffee processed and sold increased by 2.2 million pounds, reaching 25.4 million pounds, a 9.6% increase over the prior year period;Gross profit increased $2.2 million to $48.2 million and gross margin decreased 230 basis points to 32.7% over the prior year period;Net loss was $(3.0) million compared to net income of $0.8 million in the prior year period; andAdjusted EBITDA was... More