Earnings release
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November 9 , 2021 WHOLE ™ EARTH BRANDS Whole Earth Brands , Inc. Reports Third Quarter 2021 Financial Results and Reiterates Full Year Guidance Reported Third Quarter Consolidated Revenue Growth of 92.4 % , Including Strategic Acquisitions Third Quarter Organic Constant Currency Revenue Growth of 6.1 % Including Acquisitions in Both Periods Third Quarter Branded CPG Proforma Organic Constant Currency Revenue Growth of 7.6 % vs 2020 and 14.3 % on a Two - year Stacked Basis ( versus Third Quarter 2019 ) Largely Due to Strong Volume Third Quarter Operating Income of $ 13.5 Million and Record Adjusted EBITDA of $ 22.1 Million CHICAGO , Nov. 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 third quarter ended September 30 , 2021. The Company also reiterated fiscal year 2021 guidance . Irwin D. Simon , Executive Chairman , stated , “ I am enthusiastic about the opportunity that lies ahead for Whole Earth Brands as we continue to outperform our benchmark categories globally , and bring new innovation to underserved categories . Responding to strong demand , our team is energized going into 2022 , as we drive gains across all sales channels , including retail , e - commerce and foodservice , and leverage our diversified brand portfolio to provide consumers with natural , better - for - you product choices . I look forward to working with the team towards building a large , organic , natural , plant - based food company as I have done in the past . " Albert Manzone , Chief Executive Officer , commented , “ Our Power of One strategy to enhance our shelf presence and drive greater visibility with retail customers is working . Our ability to bring new innovations to market across the sweetener and baking categories is central to our success in redefining the assortment with better - for - you alternatives . We are seeing the distribution gains that we have been building towards , and see this momentum continuing through the balance of 2021 and into next year . Further , we are also driving penetration and trial with consumers , which is visible in our third quarter results where we drove Branded CPG segment proforma organic constant currency revenue growth of 7.6 % .