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FRG - Franchise Group reports mixed Q1 earnings; withdraws FY23 outlook
May, 10 2023 04:35 PM
Franchise Group Inc.
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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