---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059129"
form_type: "8-K"
ticker: null
cik: "0001753706"
company_name: "Whole Earth Brands, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:34:42.728284+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Whole Earth Brands Q1 revenue -2.2% to $129.5M, net loss narrows; $4.875/share acquisition on track

## Summary
- Revenue $129.5M (-2.2% reported); Branded CPG -3.5%, Flavors & Ingredients +2.1%.
- Net loss $9.4M vs. -$19.8M YoY; Adjusted EBITDA $19.1M, up 15.2% YoY.
- Gross margin 28.8% (up from 24.4%); adjusted gross margin 32.5% (from 29.9%).
- Acquisition by Ozark Holdings at $4.875/share (56% premium) expected to close later in Q2 2024.
- Corporate expenses $10.4M due to merger costs; cash $23.8M, long-term debt $422.4M.

## SEC filing metadata
- accession: 0001104659-24-059129
- form_type: 8-K
- cik: 0001753706
- company_name: Whole Earth Brands, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753706/000110465924059129/0001104659-24-059129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753706/000110465924059129/tm2413522d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059129
- JSON: https://secwatch.observer/filing/0001104659-24-059129.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059129.txt

## Key facts
- Earnings Releases
  Whole Earth Brands, Inc. reported first quarter ended March 31, 2024 results: revenue $129.5 million, net income $9.4 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $129.5 million
  - Net income: $9.4 million
  - Result: reported results
  source text: FIRST QUARTER 2024 RESULTS · Consolidated product revenues were $129.5 million, a decrease of 2.2% on a reported basis and 2.3% on a constant currency basis, as compared to the prior year first quarter. · Reported gross profit was $37.3 million, compared to $32.3 million in the prior year first quarter. The increase was largely driven by lower raw material and freight costs, a decline in costs associated with the supply chain reinvention project, and favorable product mix. Adjusted gross profit was $42.1 million, compared to $39.5 million in the prior year first quarter. · Reported gross profit margin increased to 28.8% in the first quarter of 2024, compared to 24.4% in the prior year period. Adjusted gross profit margin increased to 32.5%, compared to 29.9% in the prior year first quarter. · Consolidated operating income was $3.1 million compared to $3.0 million in the prior year first quarter. The increase was driven by the improvement in gross margin, which was partially offset by c
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753706/000110465924059129/0001104659-24-059129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.