Farmer Bros. Co. (NASDAQ:FARM) Q1 2024 Earnings Call Transcript

John Moore: Thanks, Brad. In closing, we’re off to a good start in setting the foundation and positioning the company for long-term growth. With a local branch network covering 49 states and equipment servicing capabilities across the country, we remain an industry leader in size, service, and product offerings. We are already seeing early-stage improvement in our gross and operating margin profile. And we’ll continue to focus on the following: leveraging our nationwide DSD customer network, appropriately sizing our cost structure, continuing to optimize pricing, driving customer growth and retention, increasing market penetration for on-trend products and completing the transitional services associated with our direct ship sale.

We believe we’re in a position to be able to generate positive free cash flow in early fiscal 2025 and ultimately deliver long-term value to shareholders. Thank you again to everyone for joining this call and for your continued support of Farmer Brothers. We look forward to speaking with you more soon.

Operator: And this concludes this conference. Thank you very much for attending today’s presentation. You may now disconnect.

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