Franchise (FRG)

Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophies to generate strong cash flow for its shareholders. Franchise Group's business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Buddy's Home Furnishings, and Liberty Tax Service. On a combined basis, Franchise Group currently operates over 4,600 locations predominantly located in the U.S. and Canada that are either Company-run or operated pursuant to franchising agreements.

Company profile

Ticker

FRG, FRGAP

Exchange

NASDAQ

Website

ir.libertytax.com

CEO

Nicole Ossenfort

Incorporated

Delaware

Location

Ohio

Fiscal year end

Dec 25

Sector

Professional, Scientific, and Technical Services > Offices of Lawyers

Industry (SIC)

Patent Owners & Lessors

TiVo • Dolby Laboratories • Interdigital • Acacia Research • Xcel Brands • Virnetx Holding • Network-1 • Finjan • Digital Turbine • Joint ...

Former names

JTH Holding, Inc., Liberty Tax, Inc.

SEC CIK

0001528930

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Franchise Group • Buddy’s Newco, LLC • Buddy’s Franchising and Licensing, LLC • American Freight Outlet Stores, LLC • Outlet Merchandise, LLC • American Freight Franchisor LLC • American Freight Franchising LLC • American Freight Group, LLC • American Freight Holdings, LLC • American Freight, LLC ...

IRS number

273561876

FRG stock data

1M 1Y 5Y

News

From Benzinga Pro

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Aug. 16, 2022: KSS, XSPA, GENI, GIGM, VLD

16 Aug 22

Kohl's (KSS) - A play on upcoming earnings. The company will report quarterly results on Thursday before market open. Reminder: Kohl's was recently the target of a takeover approach but the talks with

5 Value Stocks In The Consumer Cyclical Sector

9 Aug 22

Oppenheimer Maintains Outperform on Franchise Group, Lowers Price Target to $45

8 Aug 22

Oppenheimer analyst Ian Zaffino maintains Franchise Group (NASDAQ:FRG) with a Outperform and lowers the price target from $65 to $45.

Franchise Group Q2 EPS $1.19 Misses $1.28 Estimate, Sales $1.10B Miss $1.13B Estimate

4 Aug 22

Earnings Scheduled For August 4, 2022

4 Aug 22

Press releases

From Benzinga Pro

TRC Healthcare and The Vitamin Shoppe® Partner to Help Consumers Choose Dietary Supplements Based on Scientific Evidence

9 Aug 22

As use of dietary supplements rises, The Vitamin Shoppe® is using evidence curated by TRC Healthcare to help consumers make smart, informed choices about nutritional supplements. DENVER, Aug. 9, 2022 /PRNewswire/

Franchise Group, Inc. Announces Fiscal 2022 Second Quarter Financial Results

4 Aug 22

DELAWARE, Ohio, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group," "FRG" or the "Company") today announced the financial results of its fiscal 2022 second quarter. For the second

Franchise Group, Inc. Announces Approval of Quarterly Preferred Dividend

2 Aug 22

DELAWARE, Ohio, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share

Franchise Group, Inc. Announces Approval of Quarterly Common Stock Dividend

2 Aug 22

The Vitamin Shoppe and Follett Higher Education Group Partner to Bring Health and Wellness Solutions to Campus Bookstores Across the United States

1 Aug 22

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22

18 Aug 22

25 Dec 22

Financial summary

Financial statements Chart FRG financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Apr 19	Apr 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	95.04M	95.04M	95.04M	95.04M	95.04M	95.04M
Cash burn (monthly)	18.19M	7.47M	(no burn)	(no burn)	4.16M	(no burn)
Cash used (since last report)	32.89M	13.51M	n/a	n/a	7.51M	n/a
Cash remaining	62.15M	81.53M	n/a	n/a	87.52M	n/a
Runway (months of cash)	3.4	10.9	n/a	n/a	21.1	n/a

Beta Read what these cash burn values mean

Financial data from Franchise earnings reports.

Recent insider trades

FRG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Aug 22	Laurence Andrew M	Common Stock	Buy	Acquire P	No	No	31.6397	109	3.45K	431,258
15 Aug 22	Laurence Andrew M	Common Stock	Payment of exercise	Dispose F	No	No	33.23	9,017	299.63K	431,149
15 Aug 22	Laurence Andrew M	Common Stock	Option exercise	Acquire M	No	No	11.93	13,948	166.4K	440,166
15 Aug 22	Laurence Andrew M	Common Stock	Payment of exercise	Dispose F	No	No	33.23	13,496	448.47K	426,218
15 Aug 22	Laurence Andrew M	Common Stock	Option exercise	Acquire M	No	No	12.01	20,833	250.2K	439,714
15 Aug 22	Laurence Andrew M	Employee Stock Options Common Stock	Option exercise	Dispose M	No	No	11.93	13,948	166.4K	0
15 Aug 22	Laurence Andrew M	Employee Stock Options Common Stock	Option exercise	Dispose M	No	No	12.01	20,833	250.2K	0
15 Aug 22	Kahn Brian Randall	Common Stock	Payment of exercise	Dispose F	No	No	33.23	5,713	189.84K	8,873,641
15 Aug 22	Kahn Brian Randall	Common Stock	Option exercise	Acquire M	No	No	11.93	9,299	110.94K	8,879,354
15 Aug 22	Kahn Brian Randall	Common Stock	Payment of exercise	Dispose F	No	No	33.23	8,553	284.22K	8,870,055

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

FRG institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	0
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

H&R Block • National • Blucora

Management Discussion

As described above, our Liberty Tax business is reported as a discontinued operation and its results of operations are excluded from our results of operations. For the fiscal year ended April 30, 2019, Liberty Tax was our only business, therefore, no continuing operations existed for that fiscal year and comparative information is not provided.
Revenues. The table below sets forth the components and changes in our revenue for the years ended December 25, 2021 and December 26, 2020:
Our total revenue increased by $1.2 billion, or 60%, in the year ended December 25, 2021 compared to the year ended December 26, 2020. This increase was primarily due to the Pet Supplies Plus Acquisition on March 10, 2021, which increased revenue by $917.4 million, the Badcock Acquisition on November 22, 2021, which increased revenue by $102.1 million, and the Sylvan Acquisition on September 27, 2021, which increased revenue by $9.7 million. The $30.6 million decrease in rental revenue was due to the refranchising of 47 Buddy's' Company-owned stores on November 10, 2020 and an additional 8 stores on August 25, 2021.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: average, BCHQ, block, cease, Collector, concurrent, Contemporaneously, discretionary, FRG, longer, Oak, Overnight, representation, resumed, SOFR, Street, transportation, twenty

Removed: activity, AF, agreeing, authorization, Blocker, capacity, capitalize, chairman, collectively, corporate, entitled, expiration, formed, Hometown, Jordan, Midco, newly, Outlet, payroll, PSP, representative, Sentinel, shown, sum, thereof, unfavorable, Valor, working

From filing 10-Q 2022 Q2

Financial reports

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