TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo July 21, 2022 Eric Seeton Chief Financial Officer Franchise Group, Inc. 109 Innovation Court, Suite J Delaware, OH 43015 Re: Franchise Group, Inc. Form 10-K for the year ended December 25, 2021 Filed on February 23, 2022 File No. 001-35588 Dear Mr. Seeton: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the year ended December 25, 2021 Note 2. Acquisitions, page 57 1. Please disclose a qualitative description of the factors that resulted in goodwill and the amount of goodwill that is expected to be deductible for tax purposes related to the Sylvan and Pet Supplies Plus acquisitions. See ASC 805-30-50-1(a) and ASC 805-30-50-1(d). Note 7. Revenue, page 68 2. Please revise to disclose in all future filings the amount of revenue recognized in the reported period that was included in the contract liability balance at the beginning of the period. Refer to ASC 606-10-50-8(b). In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Eric Seeton Franchise Group, Inc. July 21, 2022 Page 2 You may contact Ameen Hamady at 202-551-3891 or Kristi Marrone at 202-551- 3429 with any questions. FirstName LastNameEric Seeton Sincerely, Comapany NameFranchise Group, Inc. Division of Corporation Finance July 21, 2022 Page 2 Office of Real Estate & Construction FirstName LastName