Exhibit 99.1


Contact:            
Joele Frank, Wilkinson Brimmer Katcher            
Leigh Parrish / Mary Aiello
212-355-4449
            
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Farmer Bros. Co. Reports Fourth Quarter and Fiscal 2019 Financial Results


NORTHLAKE, Texas, September 10, 2019 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) today reported financial results for its fourth quarter and fiscal year ended June 30, 2019.

Fourth Quarter Fiscal 2019 Highlights:

Volume of green coffee processed and sold was flat at 27.4 million pounds compared to the prior year period.
Green coffee pounds processed and sold through our DSD network were 8.9 million, or 32.4% of total green coffee pounds processed and sold
Direct ship customers represented 18.2 million, or 66.5%, of total green coffee pounds processed and sold
Distributor customers represented 0.3 million pounds, or 1.1%, of total green coffee pounds processed and sold
Net sales were $142.1 million, a decrease of $7.5 million, or 5.0%, from the prior year period;
Gross margin decreased to 26.6% from 35.3% in the prior year period, while operating expenses as percentage of sales improved to 31.5% from 33.9% in the prior year period;
Net loss was $8.8 million compared to net income of $0.1 million in the prior year period; and
Adjusted EBITDA was $3.9 million compared to $14.0 million in the prior year period.*


Fiscal 2019 Highlights:

Volume of green coffee processed and sold increased by 0.7 million pounds, reaching 108.1 million pounds, a 0.6% increase over the prior year;
Green coffee pounds processed and sold through our DSD network were 39.4 million, or 36.4% of total green coffee pounds processed and sold
Direct ship customers represented 67.5 million, or 62.4%, of total green coffee pounds processed and sold
Distributor customers represented 1.2 million pounds, or 1.2%, of total green coffee pounds processed and sold
Net sales were $595.9 million, a decrease of $10.6 million, or 1.7%, from the prior year period;
Gross margin decreased to 30.1% from 34.2% in the prior year period, while operating expenses as percentage of sales improved to 32.5% from 34.0% in the prior year period;
Net loss was $73.6 million compared to net loss of $18.3 million in the prior year period; and
Adjusted EBITDA was $31.9 million compared to $47.6 million in the prior year period.*

(*Adjusted EBITDA, a non-GAAP financial measure, is reconciled to its corresponding GAAP measure at the end of this press release.)





The following information was filed by Farmer Brothers Co (FARM) on Tuesday, September 10, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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