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 (FRGAP) delivers professional tax preparation services through one of North America's largest franchise networks. This news hub provides investors and industry observers with authorized updates about corporate milestones, financial performance, and strategic initiatives.
Access official press releases detailing quarterly results, leadership appointments, and expansion plans alongside analysis of operational developments. Our curated feed ensures timely updates about franchise growth, service innovations, and regulatory compliance matters.
Key focus areas include franchisee support programs, technological advancements in tax filing, and corporate responsibility initiatives. Bookmark this page for convenient access to essential updates that impact Liberty Tax's market position and long-term strategy.
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.
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.
Franchise Group reported strong fiscal Q2 2021 results, with total revenue of $862.8 million and net income of $32.5 million, translating to $0.74 per diluted share. Non-GAAP EPS reached $1.16, while Adjusted EBITDA stood at $91.8 million. Following the sale of Liberty Tax, the company is excluding its results from ongoing operations. The annual financial outlook has been revised upwards, projecting Adjusted EBITDA of at least $320 million, Non-GAAP EPS of $3.45 per share, and revenue exceeding $3.05 billion.
Franchise Group (NASDAQ: FRG) announced a quarterly dividend of $0.46875 per share for Series A Cumulative Perpetual Preferred stockholders. The dividend will be paid on October 15, 2021 to shareholders on record as of October 1, 2021. The company aims to grow its portfolio, which includes over 1,800 locations across brands like Pet Supplies Plus and The Vitamin Shoppe, while generating strong cash flow for shareholders. Franchise Group continues to implement its operating and capital allocation strategies to enhance shareholder value.
Franchise Group (NASDAQ: FRG) declared a quarterly dividend of $0.375 per share, scheduled for payment on October 15, 2021. Shareholders on record by October 1, 2021 will receive this cash dividend. The Company's portfolio includes brands like Pet Supplies Plus and The Vitamin Shoppe, with over 1,800 locations primarily in the U.S. Franchise Group continues to focus on cash flow generation for shareholders while pursuing growth opportunities.
Franchise Group, Inc. (NASDAQ: FRG) will release its fiscal 2021 second quarter financial results on August 3, 2021. A conference call to discuss these results will take place on the same day at 4:30 P.M. ET. Investors can join the call via telephone or listen to a live webcast on Franchise Group's website. The company operates over 1,800 locations across brands such as Pet Supplies Plus and The Vitamin Shoppe, focusing on strong cash flow and growth through its franchised business model.
Franchise Group announced the completion of the combination of its Liberty Tax business with NextPoint Acquisition Corp., receiving about $249 million in total consideration. This includes $182 million in cash and $67 million in shares. The cash proceeds were utilized to repay $182 million of outstanding debt, signaling a commitment to a conservative financial policy. CEO Brian Kahn expressed optimism for NextPoint’s future as a public company and acknowledged the contributions of Liberty associates and franchisees.
