04:58 PM EDT, 07/21/2025 (MT Newswires) -- Farmer Bros ( FARM ). (FARM) said late Monday it has started a process to explore strategic alternatives to drive shareholder value.

Under the process, the board formed a committee of directors for the review, according to a statement.

The company said it has also engaged financial and legal advisors for the process, but the review does not guarantee any transaction.

Shares were up more than 25% during after-hours trading.