Franchise Group: Q4 Earnings Snapshot

DELAWARE, Ohio (AP) _ Franchise Group, Inc. (FRG) on Wednesday reported fourth-quarter net income of $147.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Delaware, Ohio-based company said it had net income of $3.53. Earnings, adjusted for non-recurring gains, were 77 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The tax preparer posted revenue of $942.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $838.2 million.

For the year, the company reported profit of $363.8 million, or $8.67 per share. Revenue was reported as $3.26 billion.

Franchise Group expects full-year earnings to be $5 per share, with revenue expected to be $4.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRG at https://www.zacks.com/ap/FRG