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home / news releases / FRG - Franchise Group reports mixed Q1 earnings; withdraws FY23 outlook


FRG - Franchise Group reports mixed Q1 earnings; withdraws FY23 outlook

2023-05-10 16:35:30 ET

  • Franchise Group press release ( NASDAQ: FRG ): Q1 Non-GAAP EPS of $0.11 misses by $0.42 .
  • Revenue of $1.1B (-3.5% Y/Y) in-line.
  • Adjusted EBITDA was approximately $66.0 million.
  • On April 1, 2023, total cash on hand was approximately $98.3 million and outstanding term debt was approximately $1.4 billion.
  • Outlook: In light of today’s announcement and our first quarter results, Franchise Group is withdrawing its previous financial outlook for 2023.

For further details see:

Franchise Group reports mixed Q1 earnings; withdraws FY23 outlook
Stock Information

Company Name: Franchise Group Inc.
Stock Symbol: FRG
Market: NYSE
Website: franchisegrp.com

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