News & Videos - FRANCHISE GROUP INC.

DELAWARE, Ohio, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), announced that at a special meeting of stockholders held earlier today, the stockholders of the Company, including stockholders holding a majority of the outstanding shares of common stock not held by the buying consortium, have approved all proposals related to the proposed acquisition of the Company. The final results will be available on a Current Report on Form...

DELAWARE, Ohio, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal second quarter ended July 1, 2023. For the second quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.0 billion, net loss from operations was approximately $50.8 million or $1.50 per fully diluted share, Adjusted EBITDA was approximately $53.9 million and Non-GAAP EPS...

DELAWARE, Ohio, July 19, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that it has issued a notice of redemption (the “Redemption”) for all outstanding shares of its 7.50% Series A Cumulative Perpetual Preferred Stock (CUSIP: 35180X204) (the “Preferred Stock”). The Company is redeeming the Preferred Stock in connection with the Company’s previously announced merger (the “Merger”) and pursuant to Parent’s...

LOS ANGELES, CA / ACCESSWIRE / July 4, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ:FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

LOS ANGELES, CA / ACCESSWIRE / June 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ:FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

LOS ANGELES, CA / ACCESSWIRE / May 31, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ:FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

LOS ANGELES, CA / ACCESSWIRE / May 24, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ:FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

LOS ANGELES, CA / ACCESSWIRE / May 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ: FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

LOS ANGELES, CA / ACCESSWIRE / May 21, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Franchise Group, Inc. ("Franchise Group" or "the Company") (NASDAQ:FRG) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by a consortium led by CEO Brian Kahn ("the Consortium"). The investigation focuses on determining if...

DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal first quarter ended April 1, 2023. For the first quarter of fiscal 2023, total reported revenue for Franchise Group was approximately $1.1 billion, net loss from operations was approximately $108.3 million or $3.16 per fully diluted share, Adjusted EBITDA was approximately $66.0 million and Non-GAAP EPS...

Franchise Group Common Stockholders to Receive $30.00 per Share in Cash Transaction Implies 31.9% Premium Over the Unaffected Stock Price Prior to Announcement on March 20, 2023 of Receipt of Unsolicited Third Party Proposal Transaction Includes a 30 day Go Shop Provision to Solicit Superior Proposals DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement...

DELAWARE, Ohio, April 18, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced it will release its fiscal 2023 first quarter financial results on May 10, 2023. Franchise Group will conduct a conference call on May 10 th at 4:30 P.M. ET to discuss its business and financial results for the fiscal 2023 first quarter. A real-time webcast of the conference call will be available on the Events page of Franchise Group’s website at...

DELAWARE, Ohio, March 20, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced that it has received an unsolicited non-binding proposal, which is subject to certain conditions, to acquire all of the outstanding shares of the common stock of the Company for a price of $30.00 per share in cash. The Board of Directors will carefully evaluate the proposal to determine the course of action that it believes is in the best...

DELAWARE, Ohio, Feb. 28, 2023 (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 to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company’s Series A preferred stock on the close of business on March 31, 2023. About Franchise Group, Inc. Franchise Group is an...

DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company’s common stock on the close of business on March 31, 2023. About Franchise Group, Inc. Franchise Group is an owner and operator of franchised and...

DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced the financial results for its fiscal fourth quarter and fiscal year ended December 31, 2022. For the fourth quarter of fiscal 2022, total reported revenue for Franchise Group was approximately $1.1 billion, net loss from continuing operations was approximately $0.7 million or $0.08 per fully diluted share, Adjusted EBITDA was approximately...

DELAWARE, Ohio, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that it will participate in small group meetings at the following investor conferences: March 6, 2023 – J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami Beach, Florida March 7, 2023 – Raymond James 44 th Annual Institutional Investor Conference in Orlando, Florida March 21, 2023 – D.A. Davidson 6 th Annual Consumer...

DELAWARE, Ohio, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced it will release its fiscal 2022 fourth quarter and full year financial results on February 28, 2023. Franchise Group will conduct a conference call on February 28 th at 4:30 P.M. ET to discuss its business and financial results for the fiscal 2022 fourth quarter and full year. A real-time webcast of the conference call will be available on the Events...

DELAWARE, Ohio, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced that is has upsized and completed its previously announced non-fungible add-on to its existing first lien term loan of $300 million. Net proceeds from the transaction are expected to be used to pay down existing debt under the Company’s ABL credit facility. JPMorgan Chase Bank, N.A. acted as lead left arranger of the financing. UBS...

• Reaffirms Fiscal 2022 Outlook DELAWARE, Ohio, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”) today announced that it has launched a $200 million non-fungible add-on to its existing first lien term loan due in March 2026. Proceeds from the transaction are expected to be used to pay down existing debt under the Company’s ABL credit facility. The Company also announced that it expects to report fiscal 2022 results...