Detail akcie Farmer Bros online

Business Summary: Farmer Bros. Co. is a coffee roaster, wholesaler and distributor of coffee, tea and culinary products. It serves a range of customers, including small independent restaurants, foodservice operators and large institutional buyers, such as restaurants, department and convenience store chains, hotels, casinos, healthcare facilities and gourmet coffee houses, as well as grocery chains with private brand and consumer-branded coffee and tea products, and foodservice distributors. It offers a robust product line, including organic, Direct Trade, Project D.I.R.E.C.T. and other sustainably produced coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes, among others. It also offers value-added services, such as market insight, beverage planning, and equipment placement and service. Its owned brand products are sold primarily into the foodservice channel. Its brands include Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist and Boyds.
Financial Summary: BRIEF: For the six months ended 31 December 2023, Farmer Bros Co revenues increased 2% to $171.3M. Net income before extraordinary items totaled $1.4M vs. loss of $10.3M. Revenues reflect Culinary segment increase of 8% to $33.5M, Delivery Surcharge segment increase of 31% to $2.5M. Net Income reflects Net losses from sales increase of 81% to $12.9M (income), Net gains (losses) on derivative increase from $3.6M (expense) to $202K (income).