FRANCHISE GROUP Reports Earnings Results for Q2 FY2023 Ending June 30 2023
August 23, 2023
🌥️Earnings Overview
On August 8th 2023, FRANCHISE GROUP ($NASDAQ:FRG) disclosed its financial results for the second quarter of FY2023, which ended on June 30th 2023. The company reported total revenue of USD 1038.7 million, a drop of 5.1% from the same period in the previous year. Net income for the quarter was USD -50.8 million, which is a decrease from the USD 41.0 million reported in the same quarter of the prior year.
Stock Price
On Tuesday, FRANCHISE GROUP reported its earnings results for Q2 FY2023, ending June 30 2023. The stock opened at $29.7 and closed at $29.8, up by 0.3% from its prior closing price of $29.7. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franchise Group. More…
| Total Revenues | Net Income | Net Margin |
| 4.31k | -289.5 | -3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franchise Group. More…
| Operations | Investing | Financing |
| 51.89 | -29.28 | -11.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franchise Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.57k | 3.35k | 6.41 |
Key Ratios Snapshot
Some of the financial key ratios for Franchise Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 197.8% | 161.8% | 0.0% |
| FCF Margin | ROE | ROA |
| -0.2% | 0.3% | 0.0% |
Analysis
As the team at GoodWhale, we undertook the task of analyzing the fundamentals of FRANCHISE GROUP. Our Risk Rating results showed that FRANCHISE GROUP is a medium risk investment in terms of financial and business aspects. We detected three risk warnings in the income sheet, balance sheet, and financial journal. In order to help investors make a more informed decision, we encourage them to register on goodwhale.com to access our detailed analysis. By registering, they can review the results of our analysis and determine if FRANCHISE GROUP is the right choice for them. We understand that every investor has different goals and expectations when it comes to making investments. That is why we have taken the initiative to carry out an in-depth analysis of FRANCHISE GROUP so that investors have all the information they need to make the right decision. More…
Peers
The company has been in business for over 50 years and has a large customer base. The company’s main competitors are H&R Block Inc, Destination Maternity Corp, and Service Corp International. These companies are all large, well-established companies with a long history in the tax preparation and financial services industry.
– H&R Block Inc ($NYSE:HRB)
H&R Block Inc is a financial services company that provides tax preparation and other related services to individuals and businesses. The company has a market cap of 6.18B as of 2022 and a return on equity of -1678.27%. The company operates in the US and Canada and has a network of retail locations, online and mobile services, and franchise operations.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity is a designer and retailer of maternity apparel, with over 1,000 locations across the United States. The company has a market cap of 106.69k as of 2022 and a Return on Equity of -23.76%. Destination Maternity is a publicly traded company on the NASDAQ under the ticker symbol DEST.
– Service Corp International ($NYSE:SCI)
Service Corp International is a publicly traded company with a market capitalization of over $10 billion as of early 2021. The company provides a variety of funeral and cemetery services through its subsidiaries. It is the largest provider of these services in North America and has a strong international presence as well. Service Corp International has a return on equity of over 37%, meaning that it generates a significant amount of profit relative to the amount of shareholder equity. The company has been in business for over 50 years and is headquartered in Houston, Texas.
Summary
Investors should take note of the latest earnings report from FRANCHISE GROUP, which announced a total revenue of USD 1038.7 million and a net income of USD -50.8 million for the second quarter of FY2023. While this news is certainly concerning, investors should take into account the current market conditions and analyze the company’s financials to make an informed decision regarding their investments.
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