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Franchise Group, Inc. (NASDAQ: FRG) will release its fiscal 2023 first quarter financial results on May 10, 2023. The company will hold a conference call that same day at 4:30 P.M. ET to discuss its results. Investors can access the live webcast on the Events page of Franchise Group's website. Franchise Group oversees various brands including Pet Supplies Plus, The Vitamin Shoppe, and American Freight, operating over 3,000 locations primarily in the U.S. The company emphasizes a strategy focused on strong cash flow generation for its shareholders through expansion of its franchised businesses.
Forward-looking statements in the release warn investors about uncertainties that could cause actual results to diverge from expectations.
Franchise Group, Inc. (NASDAQ: FRG) announced an unsolicited non-binding proposal to acquire all outstanding shares at $30.00 per share in cash. The Board of Directors will evaluate the proposal to determine the best course of action for the company and its shareholders. There is no guarantee that this proposal will lead to a transaction. Franchise Group operates over 3,000 franchised locations across various brands, focusing on strong cash flow generation for its stakeholders. This announcement comes amidst ongoing evaluations of financial performance and strategic direction.
Franchise Group has announced a quarterly dividend of $0.46875 per share for its Series A Cumulative Perpetual Preferred stockholders. This cash dividend will be paid on or about April 14, 2023 to shareholders on record as of March 31, 2023. Franchise Group operates over 3,000 locations across various sectors, including Pet Supplies Plus and The Vitamin Shoppe, aiming to grow its portfolio while generating strong cash flow for investors. The company emphasizes its commitment to returning value to shareholders through consistent dividend payments.
Franchise Group (NASDAQ: FRG) announced a quarterly cash dividend of $0.625 per share for common stockholders, payable on April 14, 2023. Shareholders of record as of March 31, 2023, will receive this dividend, reflecting the company's commitment to returning capital to investors. Franchise Group operates over 3,000 locations across various franchises, including Pet Supplies Plus and The Vitamin Shoppe, focusing on strong cash flow generation. The company emphasizes growth across its brand portfolio while adhering to sound operating and capital allocation strategies.
Franchise Group, Inc. (NASDAQ: FRG) reported its fiscal fourth quarter and full year 2022 results on February 28, 2023. For Q4, total revenue was approximately $1.1 billion with a net loss from continuing operations of $0.7 million or $0.08 per diluted share. Full-year revenue reached about $4.4 billion, with a net loss of approximately $68.6 million or $1.96 per share. Adjusted EBITDA for Q4 was $65.3 million and $354 million for the full year. The company repurchased 3.7 million shares for $95 million, reducing total shares outstanding by 15%. Looking ahead, FRG expects 2023 revenue to match $4.4 billion with a net loss of $1.4 million and an Adjusted EBITDA of $355 million.