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