Farmer Bros Co (FARM) Misses Q1 EPS by 5c
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Farmer Bros. Co. Reports First Quarter Fiscal 2017 Financial Results
November 7, 2016 4:15 PM ESTFORT WORTH, Texas, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the "Company") today reported financial results for the first quarter ended September 30, 2016.Â
First Quarter Fiscal 2017 Highlights
Volume of green coffee pounds processed and sold increased 8.1% in the first quarter of fiscal 2017 as compared to the first quarter of fiscal 2016.Gross profit increased 1.2% to $51.2 million in the first quarter of fiscal 2017 from $50.6 million in the first quarter of fiscal 2016, and gross margin increased to 39.2% in the first quarter of fiscal 2017 from 37.9% in the first... More