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FARM Farmer Bros Co News Story

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Consumer DefensivesAdventurousMicro CapContrarian

Farmer Brothers Coffee Q1 sales fall 4.1%

Overview

Farmer Bros. fiscal Q1 net sales fell 4.1% yr/yr, missing analyst expectations

Adjusted EBITDA for fiscal Q1 remains flat yr/yr at $1.4 mln

Outlook

Company did not provide specific financial guidance for future quarters

Result Drivers

OPERATIONAL EFFICIENCY - Co attributes stable adjusted EBITDA to improved operational efficiency and cost management

NEW PARTNERSHIP - Co announces partnership with Eurest to open 50 Sum>One Coffee Roasters-branded cafes

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesMiss$81.6 mln$89.90 mln (1 Analyst)
Q1 Net Income-$4.03 mln
Q1 Income from Operations-$3.18 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the food processing peer group is "buy" Wall Street's median 12-month price target for Farmer Bros Co is $3.00, about 41.3% above its November 5 closing price of $1.76 Press Release: ID:nGNX7s2lgF For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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