FRG - Franchise Group GAAP EPS of -$3.09 misses by $3.64 revenue of $1.05B beats by $40M

• Franchise Group press release ( NASDAQ: FRG ): Q3 GAAP EPS of -$3.09 misses by $3.64 .
• Revenue of $1.05B (+26.7% Y/Y) beats by $40M .
• Shares -8% .
• FY 2022 Outlook : The outlook for Revenue will remain at approximately $4.3 billion, outlook for Adjusted EBITDA is updated to approximately $350 million from $390 million and outlook for Non-GAAP EPS is updated to approximately $3.25 per share from $4.00 per share. In calculating EPS, the Company is using approximately 40.5 million weighted average shares outstanding. Non-GAAP EPS is calculated by adding the tax effected impact of adjustments to EBITDA to net income on a per share basis. In calculating GAAP and Non-GAAP EPS, the Company is currently using an effective tax rate of approximately 27%.

For further details see: