Whole Earth Brands, Inc. operates as a food company worldwide. It operates in two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products. The Branded CPG segment sells products under the Whole Earth, Pure Via, Swerve, Canderel, and Equal brands. This segment offers various sweetener formulations under each brand to address local consumer preferences and price points. The Flavors & Ingredients segment provides flavoring enhancement, flavor/aftertaste masking, moisturizing, product mouth feel modification, and skin soothing characteristics. This segment also offers licorice-derived products for use in confectionary, food, beverage, cosmetic, pharmaceutical, personal care, and tobacco products applications. The company is based in Chicago, Illinois.
IPO Year: 2019
Exchange: NASDAQ
Website: wholeearthbrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/12/2023 | $8.25 | Outperform | Imperial Capital |
| 12/15/2021 | $16.00 | Outperform | Cowen & Co. |
| 9/24/2021 | $18.00 → $20.00 | Buy | Roth Capital |
| 7/14/2021 | $20.00 | Buy | Canaccord Genuity |
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Whole Earth Brands (NASDAQ:FREE) reported its Q4 earnings results on Tuesday, March 12, 2024 at 07:30 AM. Here's what investors need to know about the announcement. Earnings Whole Earth Brands missed estimated earnings by -1800.0%, reporting an EPS of $-0.17 versus an estimate of $0.01. Revenue was up $12.27 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.1 which was followed by a 8.0% increase in the share price the next day. Here's a look at Whole Earth Brands's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.03 -0.08 -0.15 0 EPS Actual -0.13 -0.13 -0.47 -0.33 Revenue Estimate 141.78M 136.50
Imperial Capital analyst Michael Piccolo downgrades Whole Earth Brands (NASDAQ:FREE) from Outperform to Neutral.
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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 1% on Tuesday. The Dow traded down 1.05% to 38,389.76 while the NASDAQ fell 1.16% to 15,757.13. The S&P 500 also fell, dropping, 1.01% to 4,970.94. Check This Out: Snap, American Express And 2 Other Stocks Insiders Are Selling Leading and Lagging Sectors Utilities shares rose by 1.1% on Tuesday. In trading on Tuesday, information technology shares fell by 0.8%. Top Headline Coca-Cola Company (NYSE:KO) posted better-than-expected sales for its fourth quarter. Coca-Cola reported fourth-quarter 2023 sales of $10.8 billion, up 7% Y/Y, beating the consensus of $10.67 billion. The adjusted
Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher Tuesday after the company announced it will be acquired by Sababa Holdings FREE, LLC. The Details: Whole Earth Brands confirmed it has entered into a definitive agreement pursuant to which Ozark Holdings, LLC, an affiliate of Sababa Holdings FREE, LLC, will acquire all of the outstanding shares of the company’s common stock that it does not already own in an all-cash transaction for $4.875 per share. This represents a 37% premium over Whole Earth's 60-day volume-weighted average price as of Feb. 12. “Following a comprehensive review of strategic alternatives, we are pleased to announce this transaction today, which we
U.S. stocks were lower, with the Dow Jones index dipping more than 500 points on Tuesday. Shares of Ecolab Inc. (NYSE:ECL) rose during Tuesday’s session after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. Ecolab posted adjusted earnings of $1.55 per share, beating market estimates of $1.54 per share. The company’s quarterly sales came in at $3.94 billion versus estimates of $3.93 billion, according to data from Benzinga Pro. Ecolab shares gained 6.4% to $216.00 on Tuesday. Here are some other big stocks recording gains in today’s session. Whole Earth Brands, Inc. (NASDAQ:FREE) gained 35.3% to
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Branded CPG International Regions to be Operated Collectively Under New Leadership Nigel Willerton, Founder of Wholesome Sweeteners, Named as President and COO of Branded CPG North America Region Rajnish Ohri, Formerly VP and MD of Branded CPG IMEA Region, Named as President and COO of Branded CPG International Region Jeffrey Robinson will continue to serve as President and COO of Flavors & Ingredients Bernardo Fiaux, Former CFO of Kraft Heinz Meals, Condiments, and Foodservice Division in North America, Named as Chief Financial Officer Announces Amendment to Credit Agreement, Increases Leverage Covenant to Provide Near-term Flexibility Reaffirms Full Year 2023 Guidance CHICAGO, Apri
Albert Manzone Stepping Down as CEO; Michael Franklin to Serve as Interim CEO Reaffirms Full Year 2022 Guidance CHICAGO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE) a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced that Chief Executive Officer Albert Manzone will step down as CEO and member of the Whole Earth Brands Board of Directors (the "Board") to pursue other business opportunities, effective January 1, 2023. The Board has appointed Michael Franklin to serve as the Company's Interim Chief Executive Officer, effective January 1, 2023. Mr. Franklin c
CHICAGO, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced the appointment of Michael Franklin to the Company's Board of Directors (the "Board"), effective August 25, 2022. Following Mr. Franklin's appointment, the Board will consist of eight members. Irwin D. Simon, Executive Chairman, commented, "We are excited to announce the appointment of Michael to our Board. We look forward to his future contributions as we continue to execute on our growth strategy plans." Mr. Franklin is currently a Partner at Maripo
CHICAGO, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles, today announced the appointment of Duane Portwood as Chief Financial Officer, effective January 10, 2022. Mr. Portwood will report to Whole Earth Brand's Chief Executive Officer, Albert Manzone. Mr. Manzone stated, "We are thrilled to welcome Duane as our new Chief Financial Officer. He adds tremendous strategic and financial depth to our team, which will be invaluable as we continue to execute on our growth initiatives. His diverse experience spans CPG, big-box retail and pharmaceuticals, with each bringing a number of critical experien
CHICAGO, May 09, 2024 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its first quarter ended March 31, 2024. First Quarter Highlights Consolidated revenue of $129.5 million, a decrease of 2.2% on a reported basis and 2.3% on a constant currency basis compared to the prior year period.Branded CPG revenue decreased 3.5% on a reported basis and 3.5% on a constant currency basis as compared to 2023 primarily due to lower volumes.Flavors & Ingredients revenue grew 2.1% on a repo
CHICAGO, March 12, 2024 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its fourth quarter and full year ended December 31, 2023. Full Year Highlights Consolidated revenue of $550.9 million, an increase of 2.3% on a reported basis and 2.4% on a constant currency basis compared to the prior year period.Branded CPG revenue growth of 0.9% on a reported basis and 1.0% on a constant currency basis, driven primarily by pricing, partially offset by lower volume.Flavors & Ingredient
Third Consecutive Quarter of Margin ImprovementFlavors & Ingredients Achieves Another Quarter of Record Sales CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its third quarter ended September 30, 2023 and revised its outlook for the full year 2023. Third Quarter 2023 Highlights Consolidated revenue of $134.4 million, a decrease of 0.6% on a reported basis and a decrease of 1.5% on a constant currency basis compared to the prior year period.Branded CPG rev
CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the third quarter ended September 30, 2023 before the market opens on Thursday, November 9, 2023. The Company will host a conference call and webcast to discuss third quarter 2023 financial results at 8:30 am Eastern Time on the same day hosted by its executive management team. Conference Call Details The conference call can be accessed live over the phone by dialing (800) 274-8461 or for international callers
Sequential Margin Improvement Momentum ContinuesFlavors & Ingredients Achieves Record Quarterly Sales CHICAGO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Highlights Reported consolidated revenue of $132.9 million, a decrease of 0.5% on a reported basis and essentially flat compared to the prior year period on a constant currency basis.Branded CPG revenue declined 1.7% on a reported basis and 1.2% on
CHICAGO, July 26, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the second quarter ended June 30, 2023 before the market opens on Wednesday, August 9, 2023. The Company will host a conference call and webcast to discuss second quarter 2023 financial results at 8:30 am Eastern Time on the same day hosted by its executive management team. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 704-4453 or for international callers
CHICAGO, May 10, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its first quarter ended March 31, 2023. The Company also reaffirmed fiscal year 2023 guidance. First Quarter 2023 Highlights Reported consolidated revenue growth of 1.4%. Constant currency consolidated revenue grew 2.8%Branded CPG constant currency revenue approximately flat compared to 2022 as strong pricing growth was offset by volume declinesFlavors & Ingredients constant currency revenue growth of 14.5% co
CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the first quarter ended March 31, 2023 before the market opens on Wednesday, May 10, 2023. The Company will host a conference call and webcast to discuss first quarter 2023 financial results at 8:30 AM Eastern Time on the same day hosted by its executive management team. Conference Call Details The conference call can be accessed live over the phone by dialing (888) 886-7786 or for international callers by di
CHICAGO, March 13, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its fourth quarter and full year ended December 31, 2022. The Company also provided 2023 guidance. Full Year Highlights Reported consolidated revenue growth of 9.0%, including a full year of the Wholesome acquisition compared to approximately 11 months in the prior year. Constant currency consolidated revenue grew 11.6%Pro forma organic constant currency consolidated revenue grew 7.1%, driven by a 6.4%
CHICAGO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the fourth quarter and full year ended December 31, 2022 before the market opens on Monday, March 13, 2023. The Company will host a conference call and webcast to discuss fourth quarter and full year 2022 financial results at 8:30 AM Eastern Time on the same day hosted by Irwin Simon (Executive Chairman), Michael Franklin (Interim Chief Executive Officer) and Duane Portwood (Chief Financial Officer). Conf
Imperial Capital initiated coverage of Whole Earth Brands with a rating of Outperform and set a new price target of $8.25
Cowen & Co. initiated coverage of Whole Earth Brands with a rating of Outperform and set a new price target of $16.00
Roth Capital reiterated coverage of Whole Earth Brands with a rating of Buy and set a new price target of $20.00 from $18.00 previously
Canaccord Genuity initiated coverage of Whole Earth Brands with a rating of Buy and set a new price target of $20.00
Lake Street initiated coverage of Whole Earth Brands with a rating of Buy and set a new price target of $19.00
Jefferies Financial Group initiated coverage of Whole Earth Brands with a rating of Buy
Jefferies initiated coverage of Whole Earth Brands with a rating of Buy and set a new price target of $22.00
ROTH Capital initiated coverage of Whole Earth Brands with a rating of Buy and set a new price target of $17.00
CHICAGO, May 09, 2024 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its first quarter ended March 31, 2024. First Quarter Highlights Consolidated revenue of $129.5 million, a decrease of 2.2% on a reported basis and 2.3% on a constant currency basis compared to the prior year period.Branded CPG revenue decreased 3.5% on a reported basis and 3.5% on a constant currency basis as compared to 2023 primarily due to lower volumes.Flavors & Ingredients revenue grew 2.1% on a repo
CHICAGO, March 12, 2024 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its fourth quarter and full year ended December 31, 2023. Full Year Highlights Consolidated revenue of $550.9 million, an increase of 2.3% on a reported basis and 2.4% on a constant currency basis compared to the prior year period.Branded CPG revenue growth of 0.9% on a reported basis and 1.0% on a constant currency basis, driven primarily by pricing, partially offset by lower volume.Flavors & Ingredient
Whole Earth Brands shareholders to receive $4.875 per share in an all-cash transaction Represents a 56% premium over the Company's share price at market close on June 23, 2023 prior to receiving Sababa's initial $4.00 per share bid Transaction concludes the Company's evaluation of strategic alternatives CHICAGO and MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today confirmed that the Company entered into a definitive agreement pursuant to which Ozark Holdings, LLC (which, going forward, intends
Third Consecutive Quarter of Margin ImprovementFlavors & Ingredients Achieves Another Quarter of Record Sales CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its third quarter ended September 30, 2023 and revised its outlook for the full year 2023. Third Quarter 2023 Highlights Consolidated revenue of $134.4 million, a decrease of 0.6% on a reported basis and a decrease of 1.5% on a constant currency basis compared to the prior year period.Branded CPG rev
CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the third quarter ended September 30, 2023 before the market opens on Thursday, November 9, 2023. The Company will host a conference call and webcast to discuss third quarter 2023 financial results at 8:30 am Eastern Time on the same day hosted by its executive management team. Conference Call Details The conference call can be accessed live over the phone by dialing (800) 274-8461 or for international callers
Sequential Margin Improvement Momentum ContinuesFlavors & Ingredients Achieves Record Quarterly Sales CHICAGO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Highlights Reported consolidated revenue of $132.9 million, a decrease of 0.5% on a reported basis and essentially flat compared to the prior year period on a constant currency basis.Branded CPG revenue declined 1.7% on a reported basis and 1.2% on
CHICAGO, July 26, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced it will release its financial results for the second quarter ended June 30, 2023 before the market opens on Wednesday, August 9, 2023. The Company will host a conference call and webcast to discuss second quarter 2023 financial results at 8:30 am Eastern Time on the same day hosted by its executive management team. Conference Call Details The conference call can be accessed live over the phone by dialing (877) 704-4453 or for international callers
Special Committee of the Board continues to evaluate potential strategic alternatives Rajish Ohri and Jeffrey Robinson appointed as Interim Co-CEOs CHICAGO, July 17, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced that the Board of Directors (the "Board") of the Company has implemented an executive transition in connection with its Special Committee's review of the previously announced non-binding proposal received from Sababa Holdings FREE, LLC ("Sababa") and the Board's broader consideration of po
CHICAGO, July 11, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced that the special committee (the "Special Committee") of the Company's board of directors has retained Jefferies LLC as financial advisor to assist the Special Committee in the review and evaluation of the previously disclosed non-binding proposal received by the Company on June 25, 2023 from Sababa Holdings FREE, LLC ("Sababa") to acquire for cash all of the outstanding shares of the Company's common stock that it does not already own f
CHICAGO, June 27, 2023 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the "Company" or "we" or "our") (NASDAQ:FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today confirmed the receipt of a non-binding proposal from Sababa Holdings FREE, LLC ("Sababa") to acquire all of the outstanding shares of the Company's common stock that it does not already own for $4.00 per share, payable in cash (the "Sababa Proposal"). In response to the Sababa Proposal, the Company's board of directors (the "Board") formed a special committee of the Board (the "Special Committee") to review and evaluate the Sababa Proposal and a