Farmer Bros Co (FARM) Misses Q2 EPS by 56c, Sales Beat
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Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2022 Financial Results
September 1, 2022 4:01 PM EDTNORTHLAKE, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the Company) today reported financial results for its fourth quarter and fiscal year ended June 30, 2022 ("fiscal 2022").
Fourth Quarter Highlights:
Net sales were $123.0 million, an increase of $20.1 million, or 20%, from the prior year period due to notable improvement in the direct-store-delivery ("DSD") and Direct Ship channelsGross margin increased to 28.4% from 27.6% in the prior year periodNet loss was... More