Farmer Bros: Falls as loss widens on low coffee demand

Farmer Bros Co

11/09/2020 18:52

** Shares of coffee roaster  FARM.O  slide 8.3% to a
one-month low of $5.64 after posting downbeat results on
Thursday
    ** FARM's fourth-quarter loss widened and net sales nearly
halved, hurt by lower sales of coffee, beverages and allied
products, as offices, restaurants, hotels and casinos shuttered
to curb the spread of the novel coronavirus  urn:newsml:reuters.com:*:nGNX3zwjpQ
    ** CEO Deverl Maserang said FARM expects to identify certain
furloughed employees to bring back after having brought back
about 125 - conference call
    ** Including session's move, FARM has lost about two-thirds
of its value this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))