Whole Earth Brands Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.03-19

Whole Earth Brands (NASDAQ:FREE) Full Year 2023 ResultsKey Financial Results Revenue: US$550.9m (up 2.3% from FY 2022). Net loss: US$38.1m (loss narrowed by 35% from FY 2022). US$0.90 loss per share (...

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US$0.90 loss per share (...</p>\n\n<a href=\"https://simplywall.st/stocks/us/food-beverage-tobacco/nasdaq-free/whole-earth-brands/news/whole-earth-brands-full-year-2023-earnings-revenues-beat-exp\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Whole Earth Brands Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhole Earth Brands Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 02:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/food-beverage-tobacco/nasdaq-free/whole-earth-brands/news/whole-earth-brands-full-year-2023-earnings-revenues-beat-exp><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whole Earth Brands (NASDAQ:FREE) Full Year 2023 ResultsKey Financial Results Revenue: US$550.9m (up 2.3% from FY 2022). Net loss: US$38.1m (loss narrowed by 35% from FY 2022). US$0.90 loss per share (...</p>\n\n<a href=\"https://simplywall.st/stocks/us/food-beverage-tobacco/nasdaq-free/whole-earth-brands/news/whole-earth-brands-full-year-2023-earnings-revenues-beat-exp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FREE","symbol_name":"Whole Earth Brands Inc","start_time":0,"source_url":"https://simplywall.st/stocks/us/food-beverage-tobacco/nasdaq-free/whole-earth-brands/news/whole-earth-brands-full-year-2023-earnings-revenues-beat-exp","article_id":"2420238766","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/5122000-choice1-main-header/1585186630654"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420238766","pubTimestamp":1710787580,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Whole Earth Brands ( NASDAQ:FREE ) Full Year 2023 Results Key Financial Results Revenue: US$550.9m (up 2.3% from FY...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FREE":"Whole Earth Brands Inc"},"translate_title":"全球品牌2023年全年收益：收入超出预期，每股收益落后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FREE":0.9},"content_text":"Whole Earth Brands (NASDAQ:FREE) Full Year 2023 ResultsKey Financial Results Revenue: US$550.9m (up 2.3% from FY 2022). Net loss: US$38.1m (loss narrowed by 35% from FY 2022). US$0.90 loss per share (improved from US$1.42 loss in FY 2022).  NasdaqCM:FREE Revenue and Expenses Breakdown March 18th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Whole Earth Brands Revenues Beat Expectations, EPS Falls Short  Revenue exceeded analyst estimates by 1.2%.  Earnings per share (EPS) missed analyst estimates by 26%.      The primary driver behind last 12 months revenue was the Branded CPG segment contributing a total revenue of US$426.3m (77% of total revenue). Notably, cost of sales worth US$407.2m amounted to 74% of total revenue thereby underscoring the impact on earnings.  The largest operating expense was General & Administrative costs, amounting to US$98.7m (54% of total expenses).  Explore how FREE's revenue and expenses shape its earnings.  Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.    Performance of the American Food industry.  The company's share price is broadly unchanged from a week ago.   Risk Analysis We should say that we've discovered 3 warning signs for Whole Earth Brands (1 is a bit unpleasant!) that you should be aware of before investing here. Valuation is complex, but we're helping make it simple.Find out whether Whole Earth Brands is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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