Franchise Group, Inc. (FRG) News
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FRG News Highlights
- FRG's 30 day story count now stands at 3.
- Over the past 1 day, the trend for FRG's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
Latest FRG News From Around the Web
Below are the latest news stories about FRANCHISE GROUP INC that investors may wish to consider to help them evaluate FRG as an investment opportunity.
Franchise Group (FRG) Reports Q2 Loss, Misses Revenue EstimatesFranchise Group (FRG) delivered earnings and revenue surprises of 46.34% and 5.63%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock? |
Franchise Group, Inc. Announces Second Quarter Fiscal Year 2023 Financial ResultsDELAWARE, Ohio, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal second quarter ended July 1, 2023. For the second quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.0 billion, net loss from operations was approximately $50.8 million or $1.50 per fully diluted share, Adjusted EBITDA was approximately $53.9 million and Non-GAAP EPS was a loss o |
JACK HARLOW'S PHOCUS AND THE VITAMIN SHOPPE EXPAND PARTNERSHIP WITH EXCLUSIVE, SPECIAL EDITION FLAVOR DROPPHOCUS, a first-of-its-kind mental acuity beverage, announced it is expanding its partnership with The Vitamin Shoppe via an exclusive release of a new pineapple flavor in stores and on vitaminshoppe.com. |
Franchise Group, Inc. Announces Redemption of 7.50% Series A Cumulative Perpetual Preferred StockDELAWARE, Ohio, July 19, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that it has issued a notice of redemption (the “Redemption”) for all outstanding shares of its 7.50% Series A Cumulative Perpetual Preferred Stock (CUSIP: 35180X204) (the “Preferred Stock”). The Company is redeeming the Preferred Stock in connection with the Company’s previously announced merger (the “Merger”) and pursuant to Parent’s (as defined below) reque |
Kohl's Rolling Out New Store Format With Key PartnerKohl's has taken some major steps to improve its business for over a year, after the failed buyout with Franchise Group . Kohl's has been plagued by disappointing sales over the last few years, which brought the retailer to the table with Franchise Group as a buyer for the company. Kohl's pulled out of the deal citing a volatile market. |
Beloved Mall Retailer Makes Massive $2.6 Billion ChangeTypically a company goes private when its shareholders determine that being listed publicly does more harm than good to its brand and/or its value. Being private allows for more, well, privacy; there's less public and regulatory scrutiny associated with a private company. Regular reporting with the SEC, as with quarterly earnings reports, becomes a thing of the past (at least, the public fanfare associated with such reports mitigates, though most private companies will tell you that they very much still keep tabs on their quarterly performance). |
Franchise Group (FRG) Q1 Earnings Miss EstimatesFranchise Group (FRG) delivered earnings and revenue surprises of -71.05% and 1.47%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock? |
Vitamin Shoppe owner taken private in $2.6 billion deal with CEO-led groupShares of Franchise, which also owns retailer Buddy's Home Furnishings and discount furniture store American Freight, climbed about 3% premarket. The consortium, which also includes B. Riley Financial Inc and private equity firm Irradiant Partners, would pay $30 per share, slightly above stock's closing price of $29.92 as of Jan. 9, a day before reports of a potential management buyout first surfaced. |
UPDATE 2-Vitamin Shoppe owner taken private in $2.6 bln deal with CEO-led groupVitamin Shoppe owner Franchise Group Inc would be taken private by a group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday. Shares of Franchise, which also owns retailer Buddy's Home Furnishings and discount furniture store American Freight, climbed about 3% premarket. The consortium, which also includes B. Riley Financial Inc and private equity firm Irradiant Partners, would pay $30 per share, slightly above stock's closing price of $29.92 as of Jan. 9, a day before reports of a potential management buyout first surfaced. |
Franchise Group, Inc. Announces First Quarter Fiscal Year 2023 Financial ResultsDELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal first quarter ended April 1, 2023. For the first quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.1 billion, net loss from operations was approximately $108.3 million or $3.16 per fully diluted share, Adjusted EBITDA was approximately $66.0 million and Non-GAAP EPS was $0.11 per |