Farmer Brothers ( (FARM) ) has released its Q1 earnings. Here is a breakdown of the information Farmer Brothers presented to its investors.
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Farmer Brothers Coffee Co., a prominent player in the coffee roasting, wholesaling, and distribution sector, offers a diverse range of coffee, tea, and culinary products to various U.S.-based customers, from small restaurants to large institutional buyers.
In its first quarter fiscal 2026 financial report, Farmer Brothers reported a net loss of $4 million, with net sales reaching $81.6 million. Despite a challenging economic environment, the company maintained an adjusted EBITDA of $1.4 million, reflecting stable operational efficiency.
Key highlights of the quarter include a 4% decrease in net sales year-over-year, a gross margin decrease to 39.7%, and a notable reduction in operating expenses by $4.5 million compared to the previous year. The company also announced a strategic partnership with Eurest, aiming to expand its Sum>One Coffee Roasters brand.
Looking ahead, Farmer Brothers remains focused on driving revenue and customer growth, leveraging its operational efficiencies and strategic partnerships to navigate the current economic challenges.