Farmer Bros Co (FARM) Misses Q4 EPS by 18c
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Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2020 Financial Results
September 10, 2020 4:06 PM EDTNORTHLAKE, Texas, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the Company) today reported financial results for its fourth quarter and fiscal year ended June 30, 2020.
Fourth Quarter Fiscal 2020 Highlights:
Volume of green coffee processed and sold decreased by 7.7 million pounds to 19.7 million pounds, a 28.0% decrease compared to the prior year period ended June 30, 2019, partially due to the impact of the COVID-19 pandemic (COVID-19) discussed below; Green coffee pounds processed and sold through our DSD network were 5.4 million, or 27.5% of total green coffee pounds processed and sold;... More