Franchise Group, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 7.07 million compared to USD 7.34 million a year ago. Revenue was USD 1,038.69 million compared to USD 1,095 million a year ago. Net loss was USD 50.8 million compared to net income of USD 40.98 million a year ago. Basic loss per share from continuing operations was USD 1.5 compared to basic earnings per share from continuing operations of USD 0.96 a year ago. Diluted loss per share from continuing operations was USD 1.5 compared to diluted earnings per share from continuing operations of USD 0.94 a year ago.
For the six months, sales was USD 14.52 million compared to USD 15.37 million a year ago. Revenue was USD 2,143.51 million compared to USD 2,230.47 million a year ago. Net loss was USD 159.11 million compared to net income of USD 53.3 million a year ago. Basic loss per share from continuing operations was USD 4.66 compared to basic earnings per share from continuing operations of USD 1.22 a year ago. Diluted loss per share from continuing operations was USD 4.66 compared to diluted earnings per share from continuing operations of USD 1.19 a year ago.