What were the total restructuring charges for Better Homes And Gardens Real Estate in 2023?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
ectively.
14. RESTRUCTURING COSTS
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Restructuring charges for the years ended December 31, 2024, 2023 and 2022 were $32 million, $49 million and $32 million, respectively. The components of the restructuring charges for the years ended December 31, 2024, 2
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 75–76)
What This Means (2025 FDD)
According to the 2025 FDD, Better Homes And Gardens Real Estate's total restructuring charges in 2023 were $49 million. These charges are broken down into personnel-related costs of $21 million and facility-related costs of $28 million. There were no other restructuring costs listed for 2023.
Restructuring charges can include costs associated with layoffs, office closures, and other significant changes to a company's operations. For a prospective franchisee, these figures offer insight into the financial health and stability of Better Homes And Gardens Real Estate's parent company, Anywhere Real Estate Inc., as these costs are reflected in their consolidated financial statements.
It's important to note that these are consolidated figures for Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC, not just Better Homes And Gardens Real Estate. While the FDD includes guarantees from these parent companies to fulfill Better Homes And Gardens Real Estate's obligations to franchisees, significant restructuring charges could impact the parent companies' ability to provide that support. Therefore, a prospective franchisee should consider these figures in the context of the overall financial health of the parent companies.