Franchise Group Inc - FRGAP STOCK NEWS

Franchise Group reported Q2 2022 revenue of $1.1 billion, with a net income of $41 million or $0.94 per diluted share. Adjusted EBITDA was $103.4 million. As of June 25, 2022, cash on hand stood at $95 million, with term debt of $1.1 billion. The company updated its full-year guidance, lowering revenue expectations to $4.3 billion from $4.45 billion and Adjusted EBITDA to $390 million from $450 million. CEO Brian Kahn highlighted resilience in diversification despite challenges in home furnishings.

Franchise Group, Inc. (NASDAQ: FRG) has announced a quarterly cash dividend of $0.625 per share for its common stockholders. The dividend will be distributed on or about October 14, 2022 to shareholders on record by the close of business on September 30, 2022. Franchise Group operates over 3,000 locations primarily in the U.S., focusing on franchised and franchisable businesses across various sectors, including retail and services.

Franchise Group, Inc. (NASDAQ: FRG) declared a quarterly dividend of $0.46875 per share for its Series A Cumulative Perpetual Preferred stockholders. This dividend will be payable on October 14, 2022, to shareholders on record as of September 30, 2022. Franchise Group operates over 3,000 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, focusing on strong cash flow generation for shareholders.

Franchise Group (NASDAQ: FRG) announced the release of its fiscal 2022 second quarter financial results scheduled for August 4, 2022. The company will hold a conference call at 4:30 PM ET on the same day to discuss its financial performance. Franchise Group operates over 3,000 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, focusing on generating strong cash flow for shareholders. The press release also includes forward-looking statements regarding future performance and associated risks.

Franchise Group, Inc. (NASDAQ: FRG) announced its participation in the CJS Securities 22nd Annual New Ideas Summer Conference on July 12, 2022, in Greenwich, CT. The Company operates a diverse portfolio of franchised and franchisable businesses, including Pet Supplies Plus, American Freight, and The Vitamin Shoppe, with over 3,000 locations mainly in the U.S. Franchise Group aims to enhance cash flow and expand its brand portfolio. Forward-looking statements in the release indicate potential future results, which are subject to various risks and uncertainties.

Franchise Group, Inc. (NASDAQ: FRG) has announced the termination of negotiations to acquire Kohl's Corporation. The company expressed gratitude for the engagement with Kohl's management and its financing partners. Despite this setback, Franchise Group remains focused on exploring both internal and external opportunities to enhance shareholder value. The company operates a diverse portfolio of franchised businesses, including over 3,000 locations across the U.S., and continues to review strategies for growth.

Franchise Group, Inc. (NASDAQ: FRG) has successfully completed the sale-leaseback of three W.S. Badcock Corporation distribution centers, generating approximately $150 million in gross proceeds from Oak Street Real Estate Capital. The proceeds will be used to retire the company's acquisition term loan. Additionally, Franchise Group anticipates completing the sale-leaseback of its corporate headquarters by the end of Q2 2022. The company operates a diverse portfolio of brands, including Pet Supplies Plus and The Vitamin Shoppe, with over 3,000 locations across the U.S.

Franchise Group, Inc. (NASDAQ: FRG) will participate in small group meetings at the Jefferies Consumer Conference in Nantucket, MA on June 21, 2022. The Company focuses on owning and operating a diverse portfolio of franchised businesses, including brands like Pet Supplies Plus and The Vitamin Shoppe. With over 3,000 locations across the U.S., Franchise Group aims to enhance cash flow for its shareholders through strategic capital allocation. Forward-looking statements caution that actual results may vary significantly from projections due to inherent risks and uncertainties.

Franchise Group (NASDAQ: FRG) announced a three-week exclusive negotiation period to acquire Kohl's Corporation for $60.00 per share in cash. If an agreement is reached, Franchise Group plans to invest approximately $1 billion, largely funded by increasing its secured debt facilities. This transaction aims to enhance Franchise Group’s free cash flow and profitability, potentially boosting dividends and shareholder returns. However, there is no guarantee any agreement will materialize.