FRG - Franchise Group Non-GAAP EPS of $1.29 beats by $0.20 revenue of $1.14B beats by $60M

Franchise Group press release (NASDAQ:FRG): Q1 Non-GAAP EPS of $1.29 beats by $0.20. Revenue of $1.14B (+83.5% Y/Y) beats by $60M. Franchise Group is reaffirming its previously announced financial outlook for fiscal year 2022 of revenue of approximately $4.45 billion vs. $4.42 billion consensus. Adjusted EBITDA of approximately $450 million and Non-GAAP EPS of approximately $5.00 per share. In formulating its outlook, the Company expects to reduce net debt to below $1.1 billion by the end of its fiscal year 2022.

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Franchise Group Non-GAAP EPS of $1.29 beats by $0.20, revenue of $1.14B beats by $60M