Overview

* Farmer Bros ( FARM ). 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/Mis Actual Consensu

s s

Estimate

Q1 Sales Miss $81.6 $89.90

mln mln (1

Analyst)

Q1 Net -$4.03

Income mln

Q1 -$3.18

Income mln

from

Operatio

ns

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 ( FARM ) is $3.00, about 41.3% above its November 5 closing price of $1.76

Press Release:

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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.)