Farmer Bros. Co. reported earnings results for the fourth quarter ended June 30, 2023.

For the fourth quarter, the company reported sales was USD 85.5 million compared to USD 84.6 million a year ago. Net loss was USD 46.78 million compared to USD 4.37 million a year ago. Basic loss per share from continuing operations was USD 0.84 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.

Basic loss per share was USD 2.33.