Franchise Group Q2 EPS $(0.22) Misses $0.27 Estimate, Sales $1.04B Miss $1.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Franchise Group (NASDAQ:FRG) reported Q2 earnings per share of $(0.22), missing the analyst consensus estimate of $0.27 by 181.48%. This is a 118.49% decrease from the same period last year. The company also reported quarterly sales of $1.04 billion, missing the analyst consensus estimate of $1.09 billion by 4.71%. This is a 5.14% decrease from the same period last year.
August 08, 2023 | 9:14 pm
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NEGATIVE IMPACT
Franchise Group's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Franchise Group reported lower than expected earnings and sales for Q2. This miss could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100