Farmer Bros. Co. (NASDAQ: FARM), a coffee roaster and distributor, reported financial results for its first quarter of fiscal 2025, showing a 4% year-over-year increase in net sales to $85.1 million. The company also improved its gross margin by 630 basis points to 43.9%. Despite these gains, Farmer Brothers recorded a net loss of $5 million, largely impacted by a $1.7 million asset disposal loss and $500,000 in non-cash stock compensation. However, adjusted EBITDA rose to $1.4 million, a substantial improvement from the prior year’s loss of $452,000.
Farmer Brothers continues to make strategic progress on its SKU rationalization and route optimization initiatives and expects further margin enhancements as these projects near completion in the coming quarters.
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