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FRG - Franchise Group Inc

08/05/20 5:09 PM
Nasdaq : FRG
Franchise Group, Inc. Announces Second Quarter 2020 Financial Results
Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced the results of its second quarter ended June 27, 2020.  For the second quarter of 2020, total reported revenue for Franchise Group was $512.6 million, GAAP Net Loss was $21.7 million or $0.62 per share, Proforma Adjusted EBITDA was $62.7 million and Non-GAAP EPS was $0.53 per share.  In calculating GAAP EPS, the Company utilized approximately 35 million weighted average fully diluted shares of common stock outstanding for the second quarter. In calculating Non-GAAP EPS and formulating guidance, the Company utilized approximately 40 million fully diluted shares of common stock outstanding which accounts for the recent underwritten public offering of 4.8 million shares.  The net proceeds from the follow-on offering closed after the end of the quarter and is not included in the end of quarter cash balance of $105.5 million.  Total outstanding debt at the end of the second quarter was $740.6
RHEA-AI
neutral
07/30/20 5:00 PM
Nasdaq : FRG
Franchise Group, Inc. Announces Full Exercise of Underwriters’ Option in Public Offering of Common Stock
Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) announced today the underwriters of its previously announced underwritten public offering have exercised in full their option to purchase an additional 630,000 shares of common stock at the public offering price of $23.25 per share, resulting in approximately $13.8 million of additional net proceeds, after underwriting discounts and offering expenses. The exercise of the option is expected to close on August 3, 2020, subject to customary closing
RHEA-AI
neutral
06/25/20 4:03 PM
Nasdaq : FRG
Franchise Group, Inc. Announces Proposed Public Offering of Common Stock
Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) announced today that it intends to offer and sell 3,500,000 shares of its common stock in an underwritten public offering. In addition, the Company intends to grant the underwriters a 30-day option to purchase additional shares of common stock equal to up to 15% of the number of shares of common stock offered. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.
RHEA-AI
neutral
06/18/20 4:09 PM
Nasdaq : FRG
Franchise Group, Inc. Announces First Quarter 2020 Financial Results
Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced the results of its first quarter ended March 28, 2020.  For the first quarter of 2020, total reported revenue for Franchise Group was $592.6 million, GAAP Net Income was $61.9 million or $2.51 per share, Proforma Adjusted EBITDA was $112.2 million and Non-GAAP EPS was $2.11 per share.  In calculating GAAP EPS, the Company utilized 23.7 million weighted average fully diluted shares outstanding for the first quarter.  In calculating Non-GAAP EPS and formulating guidance, the Company utilized 35.1 million fully diluted shares outstanding.  The Company ended the quarter with $147 million in cash and outstanding debt of $811.5 million.
RHEA-AI
neutral