Noticias y eventos de Farmer Bros Co (FARM)FARMFarmer Bros Co

Royal Cup to Acquire Farmer Brothers at $1.29 per Share

Farmer Brothers Coffee announced that they have entered into a definitive agreement in which Royal Cup will acquire all outstanding shares of Farmer Brothers stock for $1.29 per share in an all-cash transaction. As a result of the transaction, Farmer Brothers will combine with Royal Cup and become a private company. The transaction is expected to close in the company's fiscal fourth quarter ending June 30, 2026. "Farmer Brothers has always been dedicated to perfecting roasting techniques and sourcing practices to bring our customers the finest traditional, premium and specialty coffee," said Farmer Brothers President and Chief Executive Officer John Moore. "We are driven by the belief that connections are built over coffee, and this transaction is a true example as it will combine Farmer Brothers and Royal Cup - two long-standing industry giants. Bringing together more than 250 years of coffee expertise, it allows us to enhance our manufacturing and production capabilities, expand our already industry-leading nationwide distribution network, create even greater economies of scale and ultimately better serve our customers."

Farmer Brothers Q2 Revenue at $88.92M

Reports Q2 revenue $88.92M vs. $90.02M last year. "As expected, the second quarter was a challenging one for Farmer Brothers. We, however, continued to see year-over-year improvement in selling and general and administrative cost and our gross margin remained above 35%, where we expect it to be for the remainder of fiscal 2026," said President and CEO John Moore. "Despite pressures related to higher cost of goods sold and current micro and macroeconomic pressures, we remain focused on growing top line revenue and coffee pounds as we strengthen our customer base."