Farmer Brothers increased gross margins by 270 basis points year-over-year to 43.1%. President and Chief Executive Officer John Moore said,

“this second quarter was one of our strongest performing quarters in quite some time despite the challenging market environment. We saw continued improvements in sales, operating expenses and adjusted ebitda, as well as gross margins above 43% for the second straight quarter.

we feel we are better positioned than we have been in a long time to realize significant positive gains and long-term growth and profitability once market conditions become more favorable.”

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, Sum>One Coffee Roasters, Cain’s, West Coast 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.