Farmer Bros. (US:FARM) Globenewswire·2026-02-13 21:15Core Insights - Farmer Brothers Coffee Co. reported a challenging second quarter for fiscal 2026, with a focus on improving operational costs and maintaining a gross margin above 35% despite economic pressures [2][11]. Financial Performance - Net sales for the second quarter were $88.9 million, a decrease of $1 million or 1% compared to the same period last year [11]. - Gross profit was $32 million, representing a gross margin of 36.3%, down from $38.8 million or 43.1% in the prior year [11]. - Operating expenses totaled $36.4 million, accounting for 40.9% of net sales, a reduction from $37.8 million or 42% in the same quarter of the previous year [11]. - The company reported a net loss of $4.9 million, compared to a net income of $200,000 in the prior year [11]. - Adjusted EBITDA was $484,000, significantly lower than $5.9 million in the second quarter of fiscal 2025 [11]. Balance Sheet and Liquidity - As of December 31, 2025, the company had $4.2 million in unrestricted cash and cash equivalents, with an additional $24.6 million available under its revolving credit facility [4]. Company Overview - Farmer Brothers Coffee Co. is a national coffee roaster and distributor, offering a range of products including organic and sustainably produced coffee, tea, and culinary products [8][9]. - The company serves a diverse customer base, including independent restaurants, large institutional buyers, and grocery chains [9].