Welcome to our dedicated page for Franchise Group news (Ticker: FRG), a resource for investors and traders seeking the latest updates and insights on Franchise Group stock.
Franchise Group, Inc. (NASDAQ: FRG) is a diversified and rapidly growing holding company with a focus on acquiring and operating franchise businesses. Founded in 1997, Franchise Group currently owns and operates a diverse portfolio of brands across various sectors, including retail, tax preparation, and wellness. The company is renowned for its strategic acquisitions and robust operational capabilities, which enable it to enhance the growth and profitability of its subsidiaries.
One of Franchise Group's most notable subsidiaries is Liberty Tax, a leading tax preparation service provider. Established by tax industry expert John Hewitt, Liberty Tax has rapidly expanded its footprint with over 4,000 offices in the U.S. and Canada, prepared nearly 16 million individual tax returns, and supported a network of over 30,000 tax preparers. The company is recognized for its unique marketing strategies, including the iconic Liberty wavers, and its commitment to franchisee success.
Another significant brand under Franchise Group's umbrella is The Vitamin Shoppe, a global, omnichannel specialty retailer dedicated to providing nutritional solutions. With over 690 retail stores and a substantial online presence, The Vitamin Shoppe offers a wide array of vitamins, minerals, sports nutrition, and wellness products, including proprietary brands like BodyTech® and plnt®.
Franchise Group's recent achievements include the expansion of PHOCUS, a mental acuity beverage, through an exclusive partnership with The Vitamin Shoppe. This collaboration, highlighted by the introduction of a new pineapple flavor, underscores the company's commitment to innovation and quality. PHOCUS, co-owned by Grammy-nominated artist Jack Harlow, stands out in the functional beverages market with its clean and effective formula, featuring ingredients like L-Theanine for balanced alertness.
Financially, Franchise Group remains robust, consistently delivering strong revenue growth and maintaining a healthy balance sheet. The company's strategic acquisitions and partnerships, such as the recent collaboration between Gorilla Mind and The Vitamin Shoppe, continue to drive its market presence and consumer engagement.
Overall, Franchise Group's diversified portfolio, strategic growth initiatives, and focus on operational excellence position it as a significant player in the franchise industry, continually enhancing value for shareholders and delivering top-tier products and services to consumers.
Franchise Group (NASDAQ: FRG) announced a quarterly dividend of $0.46875 per share for its Series A Cumulative Perpetual Preferred stockholders. This cash dividend will be paid on April 15, 2022, to those on record as of the close of business on April 1, 2022. Franchise Group operates a diverse portfolio of over 3,000 locations across various brands including Pet Supplies Plus and The Vitamin Shoppe, focusing on generating strong cash flow for shareholders.
Franchise Group (NASDAQ: FRG) announced a quarterly cash dividend of $0.625 per share, scheduled for payment on or about April 15, 2022. Shareholders on record as of the close of business on April 1, 2022 will be eligible. Franchise Group operates over 3,000 locations across various business sectors including Pet Supplies Plus and The Vitamin Shoppe, focusing on growth and strong cash flow generation for its shareholders.
Franchise Group, Inc. (NASDAQ: FRG) will engage in multiple investor events. On February 25, 2022, Andrew Kaminsky, EVP & Chief Administrative Officer, will participate in a fireside chat at the Aegis Capital Corp. Virtual Conference at 10:30 a.m. EST. Additionally, from February 28 to March 1, 2022, the management team will hold small group meetings at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami Beach, Florida. Franchise Group operates over 3,000 locations in the U.S. across various brands, focusing on strong cash flow and growth.
Franchise Group, Inc. (NASDAQ: FRG) will release its fiscal 2021 fourth quarter and full year financial results on February 23, 2022. A conference call is scheduled for the same day at 4:30 P.M. ET to discuss the results. Shareholders can access the call via a real-time webcast on the company's website or by phone at (877) 784-1793 using passcode 3778028. Franchise Group operates over 3,000 locations under various brands, including Pet Supplies Plus, American Freight, and The Vitamin Shoppe, focusing on cash flow generation for shareholders.
The Vitamin Shoppe launched TrueYou, a new line of nutritional supplements tailored for women at all life stages. Featuring 14 unique products, TrueYou aims to empower women's health through science-backed formulations, including the proprietary Women's Equilibrium Blend. Available exclusively at The Vitamin Shoppe and online, these products are crafted with premium ingredients and are free from artificial additives. The launch marks a significant milestone for the company, enhancing its portfolio in the wellness sector and promoting self-care among women.
The Vitamin Shoppe has launched its first-ever franchise store in Greensboro, North Carolina, marking a significant milestone in its 45-year history. This transition from a company-operated location to a franchise unit involves local entrepreneurs with extensive business experience. Under the franchise agreement, the store will undergo renovations and plans to open three additional locations by 2024. The company's franchise model aims to enhance growth by rewarding partners for driving online and app sales, further modernizing its business approach in today's retail landscape.
Franchise Group, Inc. (NASDAQ: FRG) announced participation in upcoming virtual conferences: the ICR Conference on January 10, 2022, and the CJS Securities - 22nd Annual New Ideas for the New Year Investor Conference on January 12, 2022. Institutional investors are encouraged to arrange meetings with management through their ICR or CJS contacts. Franchise Group operates over 3,000 locations in the U.S., including brands like Pet Supplies Plus and The Vitamin Shoppe, focusing on expanding its portfolio and generating strong cash flow for shareholders.
Franchise Group (NASDAQ: FRG) has announced plans to repay $400 million of debt using proceeds from the sale of its consumer credit accounts receivable portfolio from the subsidiary W.S. Badcock Corporation to B. Riley Financial (NASDAQ: RILY). This transaction generates $400 million in cash for debt repayment, reinforcing the company's commitment to a conservative financial strategy. CEO Brian Kahn emphasized the importance of this sale in enhancing the company's capital allocation and stated they expect to reduce their net debt to approximately $1.1 billion by the end of 2022.
B. Riley Financial (NASDAQ: RILY) announced the acquisition of a performing credit receivables portfolio from W.S. Badcock Corporation, valued at approximately $400 million. The portfolio includes receivables totaling $535 million as of December 15, 2021. This purchase is expected to enhance EBITDA and provide additional cash flow throughout its lifecycle. B. Riley Financial has established a new receivables business aimed at debt monetization solutions, leveraging its strong asset base of over $5 billion as of September 30, 2021.
The Vitamin Shoppe announced that CEO Sharon Leite will appear in the CBS series UNDERCOVER BOSS, airing on January 21, 2022. Leite disguised herself to understand store operations better, visiting multiple locations and interacting with employees. She expressed gratitude for the opportunity to connect with her team, noting that it inspired her to enhance the workplace environment. Leite has been at the helm since August 2018, implementing various innovations, including a new retail format and expansion into international markets.
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