Farmer Bros climbs as Q4 sales jump, loss narrows

Farmer Bros Co

02/09/2022 15:54

** Shares of coffee wholesaler Farmer Bros Co  FARM.O  rise
4.5% to $5.64
    ** Co's Q4 net sales rose 20% to $123 mln 
    ** Net loss narrowed slightly to $3.78 mln from $3.97 mln
the previous year  urn:newsml:reuters.com:*:nGNX2wMNhz
    ** Higher sales cushioned some of the hit to earnings from
higher freight and product costs
    ** Up to the last close, stock was down 27.7% YTD

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))