Franchise Group Inc - FRGAP STOCK NEWS

Franchise Group (NASDAQ: FRG) will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25, 2022, in Los Angeles, CA. This is an opportunity for institutional investors to meet with the Company's management. Franchise Group operates a diverse portfolio of brands, including Pet Supplies Plus, American Freight, and The Vitamin Shoppe, with over 3,000 locations in the U.S.

Investors can contact their B. Riley representative for meeting arrangements.

Franchise Group has approved a stock repurchase program allowing up to $500 million in shares to be bought back over the next three years. This decision is rooted in their strong financial performance and increased cash generation, indicating a commitment to enhancing long-term shareholder value while adhering to conservative financial policies. The program will facilitate stock repurchases in open markets or private transactions, with management deciding the timing and amount based on various factors. Franchise Group operates over 3,000 locations across its brands.

Franchise Group (NASDAQ: FRG) has declared a quarterly dividend of $0.46875 per share for its Series A Cumulative Perpetual Preferred stockholders. This cash dividend is set to be paid on July 15, 2022 for holders recorded by the close of business on July 1, 2022. The Company, operating over 3,000 locations across multiple brands including Pet Supplies Plus and The Vitamin Shoppe, aims to enhance cash flow for shareholders while expanding its portfolio.

Franchise Group (NASDAQ: FRG) announced a quarterly cash dividend of $0.625 per share, payable on or about July 15, 2022, to stockholders of record as of July 1, 2022. The company operates over 3,000 locations under brands like Pet Supplies Plus and The Vitamin Shoppe, aiming to grow its portfolio while generating strong cash flow. The announcement reflects the company's commitment to returning value to shareholders.

Franchise Group, Inc. (NASDAQ: FRG) announced the election of Nanhi Singh and Gary S. Rich to its Board of Directors. Singh will join the Audit Committee, while Rich will serve on the Compensation Committee. This expansion brings the Board to seven directors, six of whom are independent. Board Chairman Matthew Avril emphasized the importance of diverse skills for growth and overseeing the business. Franchise Group operates over 3,000 locations across various brands, focusing on cash flow generation for shareholders.

Franchise Group, Inc. (NASDAQ: FRG) reported first-quarter fiscal 2022 revenue of $1.1 billion and net income of $12.3 million, or $0.25 per share. The company anticipates a full-year revenue of approximately $4.45 billion and Adjusted EBITDA of $450 million. Cash on hand was around $149.6 million, with outstanding term debt of approximately $1.3 billion. Significant real estate sales from the Badcock portfolio are expected, which will reduce debt. The company remains optimistic about its diversified business model as it navigates fiscal challenges.

Franchise Group, Inc. (NASDAQ: FRG) will release its fiscal 2022 first quarter financial results on May 5, 2022. A conference call is scheduled for the same day at 4:30 P.M. ET to discuss the results. The call can be accessed via telephone or a live webcast on the company's website. Franchise Group operates over 3,000 locations across various brands, including Pet Supplies Plus and The Vitamin Shoppe, focusing on generating strong cash flow through its franchising model.

Franchise Group has completed the sale-leaseback of 35 W.S. Badcock locations, generating approximately $94 million in gross proceeds. The company anticipates finalizing the sale of Badcock’s distribution centers and headquarters in the current fiscal quarter. The proceeds from these transactions will be utilized to repay the remaining $175 million in acquisition financing for Badcock. This move is aligned with Franchise Group's strategy to enhance cash flow and solidify its financial position.

Franchise Group, Inc. (NASDAQ: FRG) has announced its participation in two upcoming investor conferences. On March 8, 2022, the company will attend the Raymond James 43rd Annual Institutional Investor Conference in Orlando, Florida. Additionally, on March 10, 2022, Franchise Group will engage in a virtual Consumer Growth Conference hosted by D.A. Davidson, featuring Chris Rowland, CEO of Pet Supplies Plus, in a fireside chat. Interested investors can schedule meetings with management through their respective conference representatives.