Farmer Bros. Co. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 124.23 million compared to USD 119.4 million a year ago. Net loss was USD 11.42 million compared to USD 4.04 million a year ago. Basic loss per share from continuing operations was USD 0.57 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.57 compared to USD 0.23 a year ago.
For the nine months, sales was USD 378.31 million compared to USD 346.21 million a year ago. Net loss was USD 32.4 million compared to USD 11.88 million a year ago. Basic loss per share from continuing operations was USD 1.66 compared to USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 1.66 compared to USD 0.68 a year ago.