Whole Earth Brands, Inc.

wholeearthbrands.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 1, 2024. Its latest SEC filing is a SC 13G/A from Nov 14, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Sold branded sweeteners and other packaged foods to consumers, and licorice-derived flavor and functional ingredients to food and personal-care product makers.

How Did They Make Money?

Customers paid for product orders when goods shipped or were delivered, depending on their arrangement.

FY2023 revenue

Who Were Their Customers?

Branded products reached consumers through retail, food-service and online channels, as well as distributors and brokers. Flavors & Ingredients products were sold through U.S. offices and, internationally, through subsidiaries, exclusive agents and independent distributors to businesses in food, beverage, pharmaceutical, personal-care and other markets.

Customers above 10% of revenue, FY2023

of revenue from one customer

FY2021: 11% from one customer

Did Revenues Turn Into Profits?

No. It lost $38.1M in FY2023.

Operating income, FY2023

3% of revenue

▲ Now profitable vs FY2022 (−$24.6M, −5%)

Net income, FY2023

−7% of revenue

▼ −35% (Loss) vs FY2022 (−$58.8M, −11%)

How Were They Changing?

Since the FY2023 annual report

Latest quarter: Q2 FY2024, the three months to Jun 30, 2024

Revenue: ▲ +2%; vs $132.9M in Q2 FY2023
Net income: ▼ −60% (Loss); vs −$5.5M in Q2 FY2023

Aug 5, 2024 Whole Earth Brands completed its merger Common shares were cancelled and converted into the right to receive $4.875 per share.

Grew. Revenue grew 2.0x in 4 years, from $272.1M in FY2019 to $550.9M in FY2023, about 19% a year.

Added Wholesome Added Wholesome's organic and fair-trade sweeteners to its branded consumer-products portfolio.

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