What was the net loss income for Better Homes And Gardens Real Estate in 2022?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
ers LLP Florham Park, New Jersey February 25, 2025
We have served as the Company's auditor since 2009.
ANYWHERE REAL ESTATE INC. AND ANYWHERE REAL ESTATE GROUP LLC CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
| Year Ended December 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||
| Revenues | |||||||
| Gross commission income | $ 4,629 | $ 4,570 | $ 5,538 | ||||
| Service revenue | 574 | 569 | 793 | ||||
| Franchise fees | 356 | 351 | 417 | ||||
| Other | 133 | 146 | 160 | ||||
| Net revenues | 5,692 | 5,636 | 6,908 | ||||
| Expenses | |||||||
| Commission and other agent-related costs | 3,718 | 3,664 | 4,415 | ||||
| Operating | 1,125 | 1,147 | 1,377 | ||||
| Marketing | 195 | 215 | 252 | ||||
| General and administrative | 392 | 422 | 388 | ||||
| Former parent legacy cost, net | 2 | 18 | 1 | ||||
| Restructuring costs, net | 32 | 49 | 32 | ||||
| Impairments | 20 | 65 | 483 | ||||
| Depreciation and amortization | 198 | 196 | 214 | ||||
| Interest expense, net | 153 | 151 | 113 | ||||
| (Gain) loss on the early extinguishment of debt | (7) | (169) | 96 | ||||
| Other income, net | — | — | (140) | ||||
| Total expenses | 5,828 | 5,758 | 7,231 | ||||
| Loss before income taxes, equity in (earnings) losses and noncontrolling interests . | (136) | (122) | (323) | ||||
| Income tax benefit | (2) | (15) | (68) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 75–76)
What This Means (2025 FDD)
According to Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, the net loss for the company in 2022 was $(283) million. This indicates a significant financial loss for that year.
When evaluating a franchise, it is important to consider the financial stability and performance of the parent company. A large net loss, such as the one experienced by Better Homes And Gardens Real Estate in 2022, could raise concerns about the company's ability to support its franchisees and maintain its brand reputation.
Prospective franchisees should investigate the reasons behind this loss and assess whether the company has taken adequate steps to address the issues. Reviewing subsequent years' financial performance (2023 and 2024) can provide insights into the company's recovery and future prospects. It is also advisable to seek professional financial advice to fully understand the implications of the company's financial statements.