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Complete financial analysis of Whole Earth Brands Inc (FREEW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Whole Earth Brands Inc, a leading company in the Packaged Foods industry within the Consumer Defensive sector.
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Whole Earth Brands Inc (FREEW)
About Whole Earth Brands Inc
Whole Earth Brands, Inc. operates as a food company worldwide. The company operates through Branded CPG and Flavors & Ingredients segments. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, organic, non-GMO, no-sugar added, and plant-based, and Fair Trade spaces in zero/low calorie sweeteners, honey, agave, baking mix, and baking chocolate products. It sells products under the Whole Earth, Pure Via, Wholesome, Swerve, Canderel, and Equal brands. This segment offers various sweetener formulations under each brand to address local consumer preferences and price points. The Flavors & Ingredients segment provides functional ingredients with flavoring enhancement, flavor/aftertaste masking, moisturizing, product mouth feel modification, and skin soothing characteristics. This segment also offers licorice-derived products for use in confectionary, food, beverage, cosmetic, pharmaceutical, personal care, and tobacco products applications. Whole Earth Brands, Inc. was incorporated in 2020 and is based in Chicago, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 550.91M | 538.27M | 493.97M | 275.50M | 272.12M | 290.97M |
| Cost of Revenue | 425.93M | 398.06M | 335.22M | 174.25M | 174.36M | 167.87M |
| Gross Profit | 124.98M | 140.21M | 158.76M | 101.25M | 97.77M | 123.09M |
| Gross Profit Ratio | 22.69% | 26.05% | 32.14% | 36.75% | 35.93% | 42.30% |
| Research & Development | 3.80M | 3.90M | 3.40M | 3.30M | 3.40M | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 102.35M | 99.74M | 113.14M | 72.47M | 65.90M | 74.77M |
| Other Expenses | -3.19M | 18.62M | 18.30M | 0.00 | 350.88K | -1.65M |
| Operating Expenses | 102.35M | 118.36M | 131.44M | 72.47M | 350.88K | 85.88M |
| Cost & Expenses | 528.29M | 516.42M | 466.65M | 246.72M | 350.88K | 253.75M |
| Interest Income | 0.00 | 30.60M | 24.59M | 4.61M | 4.25M | 49.00K |
| Interest Expense | 43.97M | 30.60M | 24.59M | 4.61M | 500.00K | 49.00K |
| Depreciation & Amortization | 25.34M | 24.62M | 23.02M | 13.93M | 13.76M | 14.70M |
| EBITDA | 44.77M | 46.48M | 50.34M | 29.68M | 44.79M | 61.38M |
| EBITDA Ratio | 8.71% | 8.83% | 10.23% | 15.50% | -0.14% | 21.09% |
| Operating Income | 22.63M | 22.91M | 22.82M | 28.78M | -350.88K | 27.75M |
| Operating Income Ratio | 4.11% | 4.26% | 4.62% | 10.45% | -0.13% | 9.54% |
| Total Other Income/Expenses | -47.16M | -75.87M | -29.88M | -77.45M | 28.70M | -11.06M |
| Income Before Tax | -31.77M | -52.96M | -7.06M | -48.67M | 3.93M | 26.15M |
| Income Before Tax Ratio | -5.77% | -9.84% | -1.43% | -17.67% | 1.44% | 8.99% |
| Income Tax Expense | 6.33M | 5.79M | -7.14M | -6.10M | -4.25M | 5.31M |
| Net Income | -38.10M | -58.75M | 83.00K | -42.57M | 8.19M | 20.84M |
| Net Income Ratio | -6.92% | -10.91% | 0.02% | -15.45% | 3.01% | 7.16% |
| EPS | -0.90 | -1.42 | 0.00 | -1.11 | 0.21 | 0.56 |
| EPS Diluted | -0.90 | -1.42 | 0.00 | -1.11 | 0.21 | 0.56 |
| Weighted Avg Shares Out | 42.48M | 41.48M | 38.51M | 38.43M | 38.43M | 37.50M |
| Weighted Avg Shares Out (Dil) | 42.48M | 41.48M | 39.88M | 38.43M | 38.43M | 37.50M |
The Massive Opportunity In Pre-Merger SPACs
Source: https://incomestatements.info
Category: Stock Reports