Franchise Group, Inc. operates as a retailer, franchisor operator, and acquirer of franchised and franchisable businesses. It operates through 4 segments: Liberty Tax, Buddy's, Sears Outlet, and Vitamin Shoppe. The company provides tax preparation services in the United States and Canada; and franchises and operates rent-to-own stores that lease durable goods, such as electronics, residential furniture, appliances, and household accessories to customers. It also operates as a retailer primarily focused on providing customers with in-store and online access to purchase new, one-of-a kind, out-of-box, discontinued, obsolete, used, reconditioned, overstocked, and scratched and dented products in various merchandise categories, including home appliances, mattresses, furniture, and lawn and garden equipment, at prices that are lower than list prices; and specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. The company also operates pet-specialty stores. The company was formerly known as Liberty Tax, Inc., and changed its name to Franchise Group, Inc. in September 2019. Franchise Group, Inc. was incorporated in 2010 and is based in Delaware, Ohio.
IPO Year:
Exchange: NASDAQ
Website: franchisegrp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2023 | $30.00 | Market Outperform → Market Perform | CJS Securities |
| 11/23/2021 | $50.00 → $61.00 | Buy | Aegis Capital |
| 7/14/2021 | $50.00 | Buy | Aegis Capital |
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4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
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DELAWARE, 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 of $0.22 per share. On July 1, 2023, total cash on hand was approximately $106.3 million and outstanding term debt was approximately $1.4 billion. The Company currently has six reportable segments:
DELAWARE, 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) request in accordance with the terms and conditions of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 10, 2023, entered into by and among the Company, Freedom VCM, Inc., a Dela
DELAWARE, 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 share. On April 1, 2023, total cash on hand was approximately $98.3 million and outstanding term debt was approximately $1.4 billion. The Board of Directors approved a quarterly dividend of
Franchise Group Common Stockholders to Receive $30.00 per Share in Cash Transaction Implies 31.9% Premium Over the Unaffected Stock Price Prior to Announcement on March 20, 2023 of Receipt of Unsolicited Third Party Proposal Transaction Includes a 30 day Go Shop Provision to Solicit Superior Proposals DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company"), today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") pursuant to which members of the senior management team of Franchise Group led by Brian Kahn, the Company's Chief Executive Officer, (collectively with affiliates
DELAWARE, Ohio, April 18, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced it will release its fiscal 2023 first quarter financial results on May 10, 2023. Franchise Group will conduct a conference call on May 10th at 4:30 P.M. ET to discuss its business and financial results for the fiscal 2023 first quarter. A real-time webcast of the conference call will be available on the Events page of Franchise Group's website at www.franchisegrp.com. Dial in access is also accessible through the link on the website. Please register 5-10 minutes prior to the scheduled start time. About Franchise Group, Inc.Franchise Group is an owner
Leading Pet Retailer to Strengthen Presence in the Northeastern U.S. for Pet Supplies Plus and Wag N' Wash LIVONIA, Mich., March 2, 2023 /PRNewswire/ -- Pet Supplies Plus ("PSP" or the "Company"), the largest independent pet retailer in North America with over 660 stores in 41 states, and Wag N' Wash, the emerging grooming, self-wash, and natural pet food franchise, are expanding in the Northeastern United States through their latest acquisition of 20 Loyal Companion Pet Stores from their Parent Company, Independent Pet Partners. Of these twenty stores located in MA, MD, ME, NH, and VA, ten will be Pet Supplies Plus stores and ten will be Wag N' Wash stores.
DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company's Series A preferred stock on the close of business on March 31, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow
DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company's common stock on the close of business on March 31, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's b
DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group," "FRG" or the "Company") today announced the financial results for its fiscal fourth quarter and fiscal year ended December 31, 2022. For the fourth quarter of fiscal 2022, total reported revenue for Franchise Group was approximately $1.1 billion, net loss from continuing operations was approximately $0.7 million or $0.08 per fully diluted share, Adjusted EBITDA was approximately $65.3 million and Non-GAAP EPS was $0.47 per share. For the full fiscal year 2022, total reported revenue for Franchise Group was approximately $4.4 billion, net loss from continuing operations was approximatel
DELAWARE, Ohio, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced it will release its fiscal 2022 fourth quarter and full year financial results on February 28, 2023. Franchise Group will conduct a conference call on February 28th at 4:30 P.M. ET to discuss its business and financial results for the fiscal 2022 fourth quarter and full year. A real-time webcast of the conference call will be available on the Events page of Franchise Group's website at www.franchisegrp.com. The conference call can also be accessed live via telephone at (833) 630-1956. Participants should ask to be joined to the Franchise Group Inc. ca
CJS Securities downgraded Franchise Group from Market Outperform to Market Perform and set a new price target of $30.00
Aegis Capital reiterated coverage of Franchise Group with a rating of Buy and set a new price target of $61.00 from $50.00 previously
Aegis Capital initiated coverage of Franchise Group with a rating of Buy and set a new price target of $50.00
Oppenheimer initiated coverage of Franchise Group with a rating of Outperform and set a new price target of $50.00
Barrington Research reiterated coverage of Franchise Group with a rating of Outperform and set a new price target of $48.00 from $40.00 previously
DA Davidson reiterated coverage of Franchise Group with a rating of Buy and set a new price target of $49.00 from $40.00 previously
B. Riley reiterated coverage of Franchise Group with a rating of Buy and set a new price target of $46.00 from $38.00 previously
Barrington Research reiterated coverage of Franchise Group with a rating of Outperform and set a new price target of $40.00 from $33.00 previously
- Reuters
Franchise Group (NASDAQ:FRG) reported quarterly losses of $(0.22) per share which missed the analyst consensus estimate of $0.27 by 181.48 percent. This is a 118.49 percent decrease over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $1.04 billion which missed the analyst consensus estimate of $1.09 billion by 4.71 percent. This is a 5.14 percent decrease over sales of $1.09 billion the same period last year.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings. Below are the ratings of the most accurate analysts for three high-yielding stocks in the c
Franchise Group (NASDAQ:FRG) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 These 4 analysts have an average price target of $31.25 versus the current price of Franchise Group at $28.975, implying upside. Below is a summary of how these 4 analysts rated Franchise Group over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock This current average repres
Upgrades According to Goldman Sachs, the prior rating for Oracle Corp (NYSE:ORCL) was changed from Sell to Neutral. For the fourth quarter, Oracle had an EPS of $1.67, compared to year-ago quarter EPS of $1.54. The current stock performance of Oracle shows a 52-week-high of $117.51 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $116.43. For BRP Inc (NASDAQ:DOOO), DA Davidson upgraded the previous rating of Neutral to Buy. BRP earned $1.76 in the first quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.42 and a 52-week-low of $58.96. BRP closed at $75.06 at the end of the last tradin
CJS Securities analyst Lawrence Solow downgrades Franchise Group (NASDAQ:FRG) from Market Outperform to Market Perform and announces $30 price target.
Barrington Research analyst Alexander Paris downgrades Franchise Group (NASDAQ:FRG) from Outperform to Market Perform.
Stephens & Co. analyst Vincent Caintic maintains Franchise Group (NASDAQ:FRG) with a Equal-Weight and raises the price target from $28 to $30.
Upgrades According to Evercore ISI Group, the prior rating for Phathom Pharmaceuticals Inc (NASDAQ:PHAT) was changed from In-Line to Outperform. In the first quarter, Phathom Pharmaceuticals showed an EPS of $0.89, compared to $1.07 from the year-ago quarter. The current stock performance of Phathom Pharmaceuticals shows a 52-week-high of $13.44 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $12.43. For Baidu Inc (NASDAQ:BIDU), OTR Global upgraded the previous rating of Mixed to Positive. Baidu earned $2.21 in the fourth quarter, compared to $1.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.88 and a 52
DA Davidson analyst Michael Baker downgrades Franchise Group (NASDAQ:FRG) from Buy to Neutral and lowers the price target from $39 to $30.
NRF Big Idea session will take place on Monday, Jan. 15 at 11:00 a.m. ET Opterus, the leading provider of cost-effective, cloud store communications and task management solutions to some of the world's largest retailers, today announced its NRF Big Idea session in collaboration with Pet Supplies Plus, the largest independent pet franchise in North America. The session will take place on level one at expo stage two on Monday, Jan. 15 at 11:00 a.m. ET, and it will explore the companies' strategic relationship amidst the challenges of today's retail climate. For Pet Supplies Plus, Opterus serves as a strategic partner that enables growth. Since joining forces in 2013, Pet Supplies Plus has
Fast-Growing Performance Supplement Brand Expands from Major Online Presence into Physical Retail Stores BOISE, Idaho, Aug. 28, 2023 /PRNewswire/ -- Gorilla Mind, the highly popular online fitness and performance supplement company and its top-selling Gorilla Mind Energy Drinks have partnered with The Vitamin Shoppe to sell its newest functional energy drink in nearly 700 retail stores in the U.S. and on VitaminShoppe.com, beginning in August. As the brand expands into the fast-growing energy drinks space, it is poised to add an exciting range of flavor options to consumers nationwide, including a brand-new flavor launching exclusively at The Vitamin Shoppe.
DELAWARE, Ohio, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group," "FRG" or the "Company"), today announced that a buyer group including members of the senior management team of the Company, led by Brian Kahn, the Company's Chief Executive Officer, in a financial partnership with a consortium that includes certain of Brian Kahn's affiliate entities, B. Riley Financial, Inc. and Irradiant Partners, successfully completed its acquisition of Franchise Group (the "Merger"). As a result of the Merger's completion, Franchise Group's common stock and preferred stock will cease trading prior to the open of market today and will be delisted from the Nasdaq
DELAWARE, Ohio, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company"), announced that at a special meeting of stockholders held earlier today, the stockholders of the Company, including stockholders holding a majority of the outstanding shares of common stock not held by the buying consortium, have approved all proposals related to the proposed acquisition of the Company. The final results will be available on a Current Report on Form 8-K to be filed by the Company. As a result, the closing of the transaction is expected to occur early in the week of August 20th, subject to the satisfaction of the remaining closing conditions. Shares of F
The pet franchise streamlines store communication, task management and onboarding processes using Opterus' OPSCENTER at more than 690 locations. Opterus, the leading provider of cost-effective, cloud store communications and task management solutions to some of the world's largest retailers, today announced the successful use of its OPSCENTER solution with Pet Supplies Plus, the largest independent pet franchise in North America. With OPSCENTER, the decade-long customer was able to navigate successful growth and expansion through acquisitions and franchising. They have since improved store communication and streamlined task management processes while introducing new franchise owners, stor
DELAWARE, 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 of $0.22 per share. On July 1, 2023, total cash on hand was approximately $106.3 million and outstanding term debt was approximately $1.4 billion. The Company currently has six reportable segments:
For a limited time, the new pineapple PHOCUS creative energy drink is available exclusively at The Vitamin Shoppe stores and online nationwide LOS ANGELES, Aug. 7, 2023 /PRNewswire/ -- PHOCUS, 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. PHOCUS stands out from other functional beverages with its clean, modern and innovative formula. It sets a new standard by using only five ingredients, avoiding unhealthy sweeteners and deliver
DELAWARE, 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) request in accordance with the terms and conditions of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 10, 2023, entered into by and among the Company, Freedom VCM, Inc., a Dela
NEW YORK, May 23, 2023 /PRNewswire/ -- The Klein Law Firm makes the following announcement to persons or entities who own Franchise Group, Inc. ("Franchise Group" or the "Company") (NASDAQ:FRG) common stock: Our firm has commenced an investigation concerning whether the executives, directors, and controlling stockholders of Franchise Group have harmed stockholders by causing the Company to agree to the Merger, and whether all material facts have been properly disclosed to stockholders. On May 11, 2023, the Company announced that it had entered into an agreement and plan of merger (the "Merger") with Freedom VCM, Inc. ("Freedom"), a consortium that includes Franchise Group's CEO Brian Kahn,
DELAWARE, 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 share. On April 1, 2023, total cash on hand was approximately $98.3 million and outstanding term debt was approximately $1.4 billion. The Board of Directors approved a quarterly dividend of