Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2019 Financial Results
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Farmer Bros Co (FARM) Misses Q4 EPS by 33c, Revenues Miss
September 10, 2019 4:10 PM EDTFarmer Bros Co (NASDAQ: FARM) reported Q4 EPS of ($0.52), $0.33 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $142.1 million versus the consensus estimate of $144.29 million.
Fourth Quarter Fiscal 2019 Highlights:
Volume of green coffee processed and sold was flat at 27.4 million pounds compared to the prior year period. Green coffee pounds processed and sold through our DSD network were 8.9 million, or 32.4% of total green coffee pounds processed and sold Direct ship customers represented 18.2 million, or 66.5%, of total green coffee pounds processed and sold Distributor customers represented 0.3 million pounds,... More