Franchise Group Inc - FRG STOCK NEWS

Pet Supplies Plus has announced the acquisition of 20 Loyal Companion Pet Stores, expanding its footprint in the Northeastern U.S. The acquisition involves ten stores converting to Pet Supplies Plus and ten to Wag N' Wash. This strategic move aims to enhance market presence across five states: MA, MD, ME, NH, and VA. Notably, the deal will benefit franchisee partners, increasing their store count significantly. Following this acquisition, Wag N' Wash's locations will grow from 14 to 24. The company plans to transition corporate stores to franchisee ownership within months, reinforcing their mission to deliver high-quality pet products and services.

Franchise Group has announced a quarterly dividend of $0.46875 per share for its Series A Cumulative Perpetual Preferred stockholders. This cash dividend will be paid on or about April 14, 2023 to shareholders on record as of March 31, 2023. Franchise Group operates over 3,000 locations across various sectors, including Pet Supplies Plus and The Vitamin Shoppe, aiming to grow its portfolio while generating strong cash flow for investors. The company emphasizes its commitment to returning value to shareholders through consistent dividend payments.

Franchise Group (NASDAQ: FRG) announced a quarterly cash dividend of $0.625 per share for common stockholders, payable on April 14, 2023. Shareholders of record as of March 31, 2023, will receive this dividend, reflecting the company's commitment to returning capital to investors. Franchise Group operates over 3,000 locations across various franchises, including Pet Supplies Plus and The Vitamin Shoppe, focusing on strong cash flow generation. The company emphasizes growth across its brand portfolio while adhering to sound operating and capital allocation strategies.

Franchise Group, Inc. (NASDAQ: FRG) reported its fiscal fourth quarter and full year 2022 results on February 28, 2023. For Q4, total revenue was approximately $1.1 billion with a net loss from continuing operations of $0.7 million or $0.08 per diluted share. Full-year revenue reached about $4.4 billion, with a net loss of approximately $68.6 million or $1.96 per share. Adjusted EBITDA for Q4 was $65.3 million and $354 million for the full year. The company repurchased 3.7 million shares for $95 million, reducing total shares outstanding by 15%. Looking ahead, FRG expects 2023 revenue to match $4.4 billion with a net loss of $1.4 million and an Adjusted EBITDA of $355 million.

MPO, a Kinaxis company, has partnered with Badcock Home Furniture to enhance its supply chain management using MPO's Transportation Management System (TMS+). This collaboration aims to increase visibility and efficiency across Badcock's operations, which include over 380 stores. Badcock's SVP of Supply Chain highlighted the necessity for agility in their growing business, stating that the unified platform will enable better operational efficiency and customer service. The integration of MPO's platform should also help in reducing transport and operating costs, making it a pivotal development for both companies.

The Vitamin Shoppe has launched TrueYou™ Beauty, a new bodycare line designed specifically for women. This innovative collection includes body washes, scrubs, lotions, and body butters, all enriched with the proprietary Core 5 Nutrient Complex™. Key ingredients include niacinamide, vitamin C, peptides, hyaluronic acid, and bakuchiol oil, marketed for their skin nourishing properties. The products are clinically studied, animal-testing free, and available exclusively at The Vitamin Shoppe and Super Supplements. Chief Merchandising and Marketing Officer Muriel Gonzalez emphasized the company's commitment to holistic wellness and effective beauty solutions.

Franchise Group, Inc. (NASDAQ: FRG) has announced its participation in three upcoming investor conferences in March 2023. These include the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami Beach on March 6, the Raymond James 44th Annual Institutional Investor Conference in Orlando on March 7, and the D.A. Davidson 6th Annual Consumer Conference in New York on March 21. The Company focuses on expanding its portfolio of franchised businesses, which includes major brands like Pet Supplies Plus and The Vitamin Shoppe, operating over 3,000 locations across the U.S.

Franchise Group, Inc. (NASDAQ: FRG) announced it will release its fiscal 2022 fourth quarter and full year financial results on February 28, 2023.

A conference call to discuss these results will be held at 4:30 P.M. ET on the same day. The call will be accessible via a real-time webcast on the Company’s website and by telephone. Franchise Group operates over 3,000 locations mainly in the U.S., encompassing brands like Pet Supplies Plus and The Vitamin Shoppe, focusing on growth through franchising and capital allocation.

The Vitamin Shoppe has opened its first new franchise location in Valparaiso, Indiana, marking a significant milestone in its 46-year history. The store opened on February 2, 2023, as part of an expansion strategy that aims to launch at least 12 franchise stores in 2023. To date, 58 franchise territories with 15 partners have been signed. The company was recently recognized in Entrepreneur Magazine's Franchise 500 for its strong performance in unit growth and brand strength. The Vitamin Shoppe is committed to leveraging franchising as a growth engine, enhancing its position in the health and wellness market.