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August 9 , 2021 WHOLE ™ EARTH BRANDS Whole Earth Brands , Inc. Reports Second Quarter 2021 Financial Results and Reiterates Full Year Guidance Second Quarter Branded CPG Segment Revenue Growth of 130 % , Reflecting Strategic Acquisitions of Swerve and Wholesome Second Quarter Branded CPG Segment Proforma Organic Constant Currency Revenue Grew 15 % on a Two - year Stacked Basis ( versus Second Quarter 2019 ) Second Quarter Operating Income of $ 6.0 Million and Record Adjusted EBITDA of $ 22.0 Million CHICAGO , Aug. 09 , 2021 ( GLOBE NEWSWIRE ) Whole Earth Brands , Inc. ( the " Company " or " we " or " our " ) ( Nasdaq : FREE ) , a global food company enabling healthier lifestyles by providing access to premium plant - based sweeteners , flavor enhancers and other foods through a diverse portfolio of trusted brands and delicious products , today announced its financial results for its second quarter ended June 30 , 2021. The Company also reiterated fiscal year 2021 guidance . Irwin D. Simon , Executive Chairman , stated , " Throughout my entire career I've been focused on making food healthier and I'm excited about the opportunity we have at Whole Earth Brands to bring ' better - for - you ' foods to consumers across the world . Our recent performance affirms that Whole Earth Brands is unquestionably the leading global player in the ' better - for - you ' sweetener and reduced sugar categories . We are poised to disrupt those categories through the strength of our brand portfolio , our track record of product innovation and distribution , our recent strategic acquisitions that broaden our offerings , and a best - in class operational platform . I am confident in our ability to take full advantage of the substantial growth opportunity we have ahead . " Albert Manzone , Chief Executive Officer , commented , " We are on a mission to make sweet healthy through disrupting a massive $ 100 billion market that's dominated by refined sugar . Today , penetration of sugar substitutes is at its infancy , representing approximately 3 % of a $ 100 billion global market . The successful first quarter integration of our Swerve and Wholesome acquisitions has generated notable momentum as we focus on growing our global brand portfolio and further strengthening operations across the Company . We believe the second quarter 2021 15 % two - year stacked growth rate in our Branded CPG Segment is indicative of the potential of the business . We are proud of our best - in - class global supply chain and have recently completed our Flavors & Ingredients segment's footprint optimization project with the sale of our Camden , New Jersey facility . Additionally , our