$1.280
-0.010 (-0.78%)At close
FARM News
FARM Events
Royal Cup Completes Acquisition of Farmer Brothers at $1.29 per Share
Farmer Brothers Coffee Co. announced the close of its previously announced acquisition by Royal Cup. The transaction was approved by stockholders in a special meeting held on Friday, May 1. Under the terms of the agreement, Royal Cup has acquired all outstanding shares of Farmer Brothers for $1.29 per share. Farmer Brothers will now operate as part of Royal Cup and become a private company. As part of the closing of the transaction, Farmer Brothers President and CEO John Moore, CFO Vance Fisher and Vice President and General Counsel Jared Vitemb will be exiting the company. The combined entity will be led by Royal Cup President and CEO Chip Wann.
Farmer Bros. Trading Resumes
Farmer Bros. trading resumes
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 Bros. Trading Halted, News Pending
Farmer Bros. trading halted, news pending
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."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.