Franchise Group Stockholders Approve Proposed Acquisition By Consortium Led By Management Group; Shares Of Franchise Group Will Cease Trading And Will No Longer Be Listed On Nasdaq Exchange Following Closing Of Transaction
- Reuters
- Reuters
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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 |
4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
4 - Franchise Group, Inc. (0001528930) (Issuer)
15-12G - Franchise Group, Inc. (0001528930) (Filer)
EFFECT - Franchise Group, Inc. (0001528930) (Filer)
EFFECT - Franchise Group, Inc. (0001528930) (Filer)
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
SC 13D/A - Franchise Group, Inc. (0001528930) (Subject)
SC 13D/A - Franchise Group, Inc. (0001528930) (Subject)
SC 13D/A - Franchise Group, Inc. (0001528930) (Subject)
- 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.
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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. 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