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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Miss | $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
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(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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