Farmer Brothers increased gross margins by 560 basis points year-over-year to 39.3%. President and Chief Executive Officer John Moore said,

“this year has been a transformative one for farmer brothers. our decision to sell our direct ship business and focus on our more profitable direct store delivery (dsd) helped significantly improve our gross margins and drive adjusted ebitda profitability and operational efficiency.

we remain confident we are building a foundation which will generate long-term, sustainable growth and value creation for our shareholders.”

Farmer Brothers delivers the coffee that fuels the backbone of the economy. The company was founded in 1912 on the belief that every business should have good coffee to serve its customers.

We are a national coffee roaster, wholesaler and servicer of equipment, delivering coffee, tea and culinary products to U.S.-based customers. We distribute key brands, including Farmer Brothers, Boyd’s, Cain’s, West Cost Coffee and China Mist through one of the largest national direct store distribution networks in the country.

Farmer Brothers creates detailed beverage plans and provides white-glove service to small independent owners and food service operators, as well as large institutional chains and franchises. We serve industry verticals in food, retail, grocery, gaming, hospitality, healthcare, education, convenience stores, convention centers and offer private labeling packages.