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, Inc. (NASDAQ: FRG) announced a 67% increase in its quarterly cash dividend to $0.625 per share, correcting an earlier figure of 40%. The dividend will be paid on or around January 15, 2022 to shareholders on record as of December 31, 2021. This decision reflects the Company’s commitment to generating strong cash flow and returns for its investors. Franchise Group operates over 3,000 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, focusing on expanding its portfolio while maintaining financial health.
Franchise Group (NASDAQ: FRG) announced a 40% increase in its quarterly cash dividend, raising it to $0.625 per share. This dividend will be paid on or about January 15, 2022, to shareholders recorded as of the close of business on December 31, 2021. The company operates over 3,000 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, aiming to enhance cash flow for its investors. Franchise Group continues to expand its portfolio while assuring a sustainable dividend growth strategy.
Franchise Group (NASDAQ: FRG) has released its fiscal year 2022 outlook, projecting revenue of approximately $4.45 billion and net income of around $180 million, equating to $4.20 per share. The company aims for an Adjusted EBITDA of $450 million and a Non-GAAP EPS of $5.00. Furthermore, Franchise Group intends to reduce its net debt from $1.7 billion to $1.1 billion by year-end 2022, bolstered by the sale of non-core assets from W.S. Badcock Corporation.
Franchise Group, Inc. (NASDAQ: FRG) announced a quarterly dividend of $0.46875 per share for Series A Cumulative Perpetual Preferred stockholders. The cash dividend is set to be paid on or about January 15, 2022 to those on record as of the close of business on December 31, 2021. Franchise Group operates over 3,000 locations across various brands such as Pet Supplies Plus and The Vitamin Shoppe, focusing on generating strong cash flow for shareholders.
Franchise Group has acquired W.S. Badcock Corporation for approximately $580 million in cash. This acquisition is expected to be immediately accretive to earnings and offers significant synergies with existing brands. Badcock, a leading retailer in home furnishings, operates 383 stores across eight southeastern states and generated approximately $901.9 million in revenue for its fiscal year ending June 30, 2021. The transaction is financed through a $575 million addition to the existing credit facility, and further financial expectations will be disclosed in December 2022.
Franchise Group (NASDAQ: FRG) reported a strong fiscal Q3 2021, with total revenue reaching $828.8 million and net income of $36 million or $0.83 per diluted share. The company has raised its 2021 financial outlook, now expecting at least $3.1 billion in revenue and $3.80 in Non-GAAP EPS. Franchise Group's CEO noted accelerating franchising momentum with 153 new development agreements and 124 new store openings in 2021. Despite facing supply chain challenges, the company anticipates significant growth in fiscal 2022, supported by same-store sales and unit growth.
Franchise Group, Inc. (NASDAQ: FRG) announced it will release its fiscal 2021 third quarter financial results on November 2, 2021. A conference call will be held at 4:30 P.M. ET on the same day to discuss these results. A real-time webcast will be available on the company’s website. Franchise Group operates over 2,600 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, emphasizing its growth strategy to generate strong cash flow for shareholders.
Hims & Hers Health, Inc. (NYSE: HIMS) has partnered with The Vitamin Shoppe to expand the availability of its haircare products. Starting now, customers can purchase Hims & Hers products both online and in over 280 Vitamin Shoppe locations. This partnership will initially focus on haircare solutions, including popular items such as Minoxidil treatments and biotin gummies, with plans for future expansion into other product lines. The collaboration aims to enhance consumer access to personalized health and wellness solutions.
Franchise Group (NASDAQ: FRG) announced the acquisition of Sylvan Learning for approximately $81 million in cash, enhancing its diversification into consumer services. Sylvan, a leader in educational services with a projected systemwide revenue of $169 million for 2021, adds over 700 locations to Franchise Group’s portfolio. This transaction aims to be immediately accretive to earnings and expected to bolster cash flow generation. Franchise Group plans to update its guidance in November after the third quarter financial results.
bebe stores, inc. (OTCQB:BEBE) has announced a 150% increase in its quarterly dividend to
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