Farmer Brothers Q2 Loss Widens to $0.22, Revenue Tops Estimates by 1.6%
Farmer Brothers reported a Q2 adjusted loss of $0.22 per share compared with analysts’ $0.14 loss estimate, marking a 57.1% negative earnings surprise and a reversal from $0.06 profit a year ago. Quarterly revenue came in at $88.92 million, 1.6% above consensus but down from $90.02 million year-over-year.
1. Q2 Loss and Earnings Surprise
Farmer Brothers reported an adjusted loss of $0.22 per share for the quarter, missing the expected loss of $0.14 by 57.1%. This compares with earnings of $0.06 per share in the year-ago period and follows a trend of missing consensus EPS estimates in three of the last four quarters.
2. Revenue Results
Revenue for the quarter reached $88.92 million, exceeding the consensus estimate by 1.6% but declining 1.2% from $90.02 million a year earlier. The company has topped revenue forecasts in two of the past four quarters.
3. Year-to-Date Stock Performance
Shares of Farmer Brothers have climbed approximately 9.6% since the start of the year, outpacing the S&P 500’s 0.2% decline over the same period. This reflects investor response to the revenue beat despite the earnings shortfall.
4. Outlook and Estimate Revisions
Current consensus estimates call for a loss of $0.16 per share on $85.5 million in revenue next quarter and a full-year loss of $0.61 on $340.1 million in revenue. Industry ranking remains in the bottom 20% of natural foods, highlighting headwinds in the sector.