Whole Earth Brands reports Q1 EPS (22c) vs. (47c) last year

Reports Q1 revenue $129.5M vs. $132.4M last year. “We’re pleased with our first quarter performance, which marked our third consecutive quarter of meaningful gross margin expansion,” said Irwin D. Simon, Executive Chairman. “Our team has remained focused on executing our strategic plan, which is centered around driving efficiencies across our two business segments as a means to delivering improved free cash flow and reducing our balance sheet leverage. We are progressing toward the completion of our pending go-private transaction with Ozark Holdings, LLC, which we expect to close later in the second quarter of 2024, subject to customary closing conditions and stockholder approval.”