Franchise Group (FRG) Misses Q4 EPS by 23c, FY EPS Guidance Beats

Franchise Group (NASDAQ: FRG) reported Q4 EPS of ($0.12), $0.23 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $496.3 million versus the consensus estimate of $498.1 million.

GUIDANCE:

Franchise Group sees FY2021 EPS of at least $3.25, versus the consensus of $2.83. Franchise Group sees FY2021 revenue of $3.0-3.1 billion, versus the consensus of $2.44 billion.

• For the fiscal year 2021, the Company expects revenue of $3.0 - $3.1 billion, net income of at least $40 million or $1.00 per share, Adjusted EBITDA of at least $310 million and Non-GAAP EPS of at least $3.25 per share. In calculating EPS, the Company is using 40 million weighted average shares outstanding. Non-GAAP EPS is calculated by adding the tax effected impact of adjustments to EBITDA to net income on a per share basis. In calculating Non-GAAP EPS, the Company is currently using an effective tax rate of 26%. Actual cash taxes are expected to be minimal in 2021.

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

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