Whole Earth Brands reports Q2 EPS (13c), consensus (8c)

Reports Q2 revenue $132.902M, consensus $136.5M. “We continued to demonstrate meaningful progress with our margin improvement initiatives in the second quarter along with a top-line performance that was consistent with the prior year on a constant currency basis and ahead of the prior year when taking into account our strategic decision to decrease Wholesome bulk sugar sales,” stated Irwin Simon, Executive Chairman. “The entire global team remains laser focused on stabilizing, streamlining, and evolving our operations to drive enhanced productivity and sustainable margin improvement. Our supply chain reinvention is on track and will play a critical role in rightsizing our cost base, freeing up additional dollars for growth investments in support of our diverse portfolio of global brands.”