Whole Earth Brands Q2 EPS $(0.13) Misses $(0.08) Estimate, Sales $132.90M Miss $136.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Whole Earth Brands (NASDAQ:FREE) reported Q2 losses of $(0.13) per share, missing the analyst consensus estimate of $(0.08) by 62.5%. This is a 533.33% decrease over earnings of $0.03 per share from the same period last year. The company also reported quarterly sales of $132.90 million, missing the analyst consensus estimate of $136.50 million by 2.64%. This is a 0.45% decrease over sales of $133.50 million the same period last year.
August 09, 2023 | 11:35 am
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Whole Earth Brands' Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price.
Whole Earth Brands reported a significant decrease in earnings and a slight decrease in sales compared to the same period last year. Both earnings and sales missed analyst estimates, which could lead to a decrease in the company's stock price as investors may see this as a sign of poor performance.
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