WHOLE EARTH BRANDS Reports FY2023 Q2 Earnings with Total Revenue of USD 132.9 Million
August 12, 2023
🌥️Earnings Overview
On August 9 2023, WHOLE EARTH BRANDS ($NASDAQ:FREE) reported their FY2023 Q2 earnings results, showing total revenue of USD 132.9 million, a decrease of 0.4% compared to the same period in the prior year. Net income for this period was USD -5.5 million, which was down from the previous year’s 1.3 million.
Market Price
WHOLE EARTH BRANDS stock opened at $3.9 and closed at $3.8, down by 1.8% from the previous closing price of $3.9. Overall, the company’s Q2 earnings showed a steady growth in revenue compared to the same period last year, indicating that WHOLE EARTH BRANDS is steadily gaining traction in the marketplace. The company’s products have been met with a positive response from consumers and businesses alike, leading to the company’s continuing success. Investors are keeping an eye on the company’s future performance to gauge whether the company will continue to experience such steady growth in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FREE. More…
| Total Revenues | Net Income | Net Margin |
| 539.5 | -88.12 | -11.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FREE. More…
| Operations | Investing | Financing |
| 11.15 | -6.76 | -8.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FREE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 840.11 | 584.28 | 6.02 |
Key Ratios Snapshot
Some of the financial key ratios for FREE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.3% | -9.8% | -6.6% |
| FCF Margin | ROE | ROA |
| 0.7% | -8.6% | -2.7% |
Analysis
At GoodWhale, we recently performed an analysis to evaluate the wellbeing of WHOLE EARTH BRANDS. The Risk Rating for WHOLE EARTH BRANDS was determined to be a high risk investment in terms of financial and business aspects. When examining the financials, GoodWhale detected 3 risk warnings in income sheet, balance sheet, and cashflow statement. To get access to these warnings and more insights around the company’s wellbeing, register on GoodWhale.com today. More…
Peers
Whole Earth Brands Inc. is a leading provider of natural and organic foods and beverages. The company’s products are sold in more than 90 countries and territories around the world. Whole Earth Brands Inc. has a strong commitment to quality, innovation, and sustainability. The company’s products are certified organic by the US Department of Agriculture (USDA) and the European Union (EU). Whole Earth Brands Inc. is also a member of the World Wildlife Fund (WWF) and the Rainforest Alliance.
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Summary
WHOLE EARTH BRANDS has reported its FY2023 Q2 earnings results, showing total revenue of USD 132.9 million, a slight decrease of 0.4% from the same period one year prior. Investors should take note of the company’s continued weak performance, and make sure to properly analyze the risks before investing in the company. Factors to consider include competitive pressures, operational execution, and current macroeconomic environment. Those considering investing should do their own due diligence to decide if WHOLE EARTH BRANDS is a good fit for their portfolio.
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