Franchise Group (FRG) Misses Q2 EPS by 9c

Franchise Group (NASDAQ: FRG) reported Q2 EPS of $1.19, $0.09 worse than the analyst estimate of $1.28. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.13 billion.

“Core to FRG is an intentional model of operational and end market diversification that is serving us well during the recent supply and demand turbulence. Accelerating franchising and continued profitable growth in pet, health & wellness, and education services are countering reduced top and bottom-line performance in our home furnishings businesses. Currently, we are seeing signs that inflation is cresting and even reversing in the areas of freight and home furnishing product costs. We believe that market forces will continue to shift in our favor over the balance of the year and begin to restore our home furnishings unit volumes and profit margins to historical levels next year,” stated Brian Kahn, Franchise Group’s President and CEO.

For earnings history and earnings-related data on Franchise Group (FRG) click here.

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