Whole Earth Brands: Forecasts strong FY21 revenue, shares rise

Whole Earth Brands

16/03/2021 17:44

** Shares of plant-based sweetener maker Whole Earth Brands
Inc  FREE.O  up 6.2% at $13.6 
    ** For full year 2021, co expects net product revenue in the
range of $493 mln to $505 mln, above est of $425.53 mln -
Refinitiv IBES
    ** Co reported a net loss of $5.1 mln, or 13 cents a share,
for the fourth quarter ended Dec. 31, 2020
    ** Net product revenue rose to $75.7 million from $68.8
million a year ago
    ** Q4 revenue includes $4.3 mln related to co's acquisition
of Swerve, a sugar replacement product 
    ** Co also acquired Wholesome, an organic sweetener brand,
in February
    ** Shares of FREE up over 25% YTD
     

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))