Welcome to our dedicated page for Franchise Group news (Ticker: FRGAP), a resource for investors and traders seeking the latest updates and insights on Franchise Group stock.
Liberty Tax is income tax preparation at its best: friendly, accurate, and with a money-back guarantee. Founded in 1997 by CEO & tax industry expert John Hewitt, Liberty Tax is the fastest-growing tax preparation franchise ever. Originally known as Canadian company U&R Tax Depot, Liberty Tax has grown to become an industry leader with a network of over 30,000 tax preparers and almost 16 million individual tax returns prepared. With more than 4,000 offices in the U.S. and Canada, Liberty Tax stands out for its support for franchisees, unique company culture, and mission to raise the bar for all franchises.
Franchise Group (NASDAQ: FRG) reported fiscal Q4 2021 revenues of $942.3 million, with a net income of $151.8 million or $3.64 per diluted share. For the full year, total revenue was $3.3 billion, net income was $192 million or $4.48 per share. The company completed acquisitions of Sylvan Learning and W.S. Badcock, contributing $102.1 million in Q4 revenue. Franchise Group projects $4.45 billion in revenue for fiscal 2022, driven by new development agreements.
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.
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.
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.
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