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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Franchise Group's Net Income for the three months ended in Jun. 2023 was $-51 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was $-281 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Franchise Group's Earnings per Share (Diluted) for the three months ended in Jun. 2023 was $-1.50.
The historical data trend for Franchise Group's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Franchise Group Annual Data | |||||||||||||||||||||
Trend | Apr13 | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Dec20 | Dec21 | Dec22 | |||||||||||
Net Income | Get a 7-Day Free Trial | 0.13 | -2.16 | 25.06 | 363.79 | -68.57 |
Franchise Group Quarterly Data | ||||||||||||||||||||
Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Net Income | Get a 7-Day Free Trial | 40.98 | -121.16 | -0.71 | -108.32 | -50.80 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Franchise Group's Net Income for the fiscal year that ended in Dec. 2022 is calculated as
Net Income | (A: Dec. 2022 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -77.418 | + | 8.845 | + | 0 | + | 1.4210854715202E-14 |
= | -69 |
Franchise Group's Net Income for the quarter that ended in Jun. 2023 is calculated as
Net Income | (Q: Jun. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -64.641 | + | 13.845 | + | 0 | + | 7.105427357601E-15 |
= | -51 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-281 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Franchise Group (NAS:FRG) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Franchise Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2023 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-50.796 | - | 2.129) | / | 35.177 | |
= | -1.50 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Franchise Group's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Meitner Ondeck | 10 percent owner | 13301 BEALL CREEK CT., POTOMAC MD 20854 |
Richard W Riley | 10 percent owner | B RILEY AND CO, 11100 SANTA MONICA BLVD STE 800, LOS ANGELES CA 90025 |
Bryant R Riley | director, 10 percent owner | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Kelleher Thomas J /adv | 10 percent owner | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Randall E Paulson | 10 percent owner | |
Nanhi Singh | director | 109 INNOVATION COURT, SUITE J, DELAWARE OH 43015 |
Gary S Rich | director | C/O THE READER'S DIGEST ASSOCIATION, READER'S DIGEST ROAD, PLEASANTVILLE NY 10570 |
Brian Randall Kahn | director, 10 percent owner, officer: Chief Executive Officer | 5506 WORSHAM COURT, WINDERMERE FL 34786 |
Patrick A Cozza | director | C/O HSBC INSURANCE, 545 WASHINGTON BLVD, JERSEY CITY NJ 07310 |
Lee A. Wright | officer: Chief Commercial Officer | C/O DIAMOND CASTLE HOLDINGS, LLC, 280 PARK AVENUE, 25TH FLOOR, EAST TOWER, NEW YORK NY 10017 |
Andrew M Laurence | director | C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606 |
Cynthia S Dubin | director | 1200 E. MARKET STREET, SUITE 650, AKRON OH 44305 |
Lisa M Fairfax | director | 2387 LIBERTY WAY, VIRGINIA BEACH VA 23456 |
Vintage Capital Management Llc | director, 10 percent owner, officer: Chief Executive Officer | 4705 S APOPKA VINELAND ROAD SUITE 210, ORLANDO FL 32819 |
B. Riley Financial, Inc. | 10 percent owner | 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
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