Franchise Group Inc - FRGAP STOCK NEWS

Franchise Group (NASDAQ: FRG) reported Q1 2021 revenue of $621.3 million, with a net loss of $(28.3) million, or $(0.76) per share. Adjusted EBITDA was $79.2 million, and Non-GAAP EPS stood at $0.90. The company announced an increase in Adjusted EBITDA guidance from over $310 million to over $315 million and raised Non-GAAP EPS guidance from at least $3.25 to at least $3.35. Notably, Franchise Group added 90 new franchise locations and area development agreements. As of March 27, 2021, cash totaled $164.9 million, with outstanding debt of $1.3 billion.

Franchise Group (NASDAQ: FRG) announced the election of Lisa Fairfax and Cynthia Dubin to its Board of Directors, enhancing its governance structure. Fairfax will chair the Nominating & Corporate Governance Committee, while Dubin will chair the Audit Committee and serve on the Compensation and Risk Committees. This expands the Board to six members, five of whom are independent. The appointments are part of Franchise Group's ongoing commitment to improve its skill set and oversight capabilities to enhance shareholder value.

Franchise Group (NASDAQ: FRG) has announced a quarterly dividend of $0.46875 per share for Series A Cumulative Perpetual Preferred stockholders. This dividend is set to be paid on or about July 15, 2021, to shareholders on record as of the close of business on July 1, 2021. Franchise Group operates over 4,600 locations across its brands, including Pet Supplies Plus and The Vitamin Shoppe, focusing on strong cash flow generation for its investors.

Franchise Group announced a quarterly dividend of $0.375 per share, payable on or about July 15, 2021, to shareholders on record as of July 1, 2021. The company aims to generate robust cash flow from its diverse portfolio, which includes brands like Pet Supplies Plus and The Vitamin Shoppe, operating over 4,600 locations across the U.S. and Canada. The announcement reflects Franchise Group's commitment to returning value to shareholders amidst its strategic growth initiatives.

Franchise Group (NASDAQ: FRG) announced it will release its fiscal 2021 first quarter financial results on May 6, 2021. A conference call is scheduled for the same day at 4:30 PM ET to discuss these results and the company's business performance. Investors can access a live webcast via Franchise Group's website or call in with a passcode. The company operates over 4,600 locations across several brands including Pet Supplies Plus and The Vitamin Shoppe, aiming to generate strong cash flow for shareholders.

Franchise Group reported its Q4 and full-year 2020 results, revealing a total revenue of $496.3 million for Q4 and $2.15 billion for the full year. The company faced a net loss of $4.2 million or $0.12 per share in Q4, while net income for the year was $25.1 million or $0.70 per share. Adjusted EBITDA stood at $28.8 million for Q4 and $227.6 million for the year. For 2021, Franchise Group anticipates revenue between $3.0 billion and $3.1 billion and net income of at least $40 million or $1.00 per share.

Franchise Group Completes $1.3 Billion Refinancing

Franchise Group, Inc. (NASDAQ: FRG) has successfully completed its acquisition of Pet Supplies Plus (PSP) for $700 million, funded by $1.3 billion in new debt financing. This financing also refinances existing loans, enhancing Franchise Group's capital structure. CEO Brian Kahn expressed optimism about PSP’s unit economics and growth potential, which are expected to strengthen Franchise Group's market position and diversification strategy.

Franchise Group (NASDAQ: FRG) will announce its fourth quarter and full year 2020 financial results on March 10, 2021, followed by a conference call at 4:30 PM ET to discuss the results and provide a 2021 outlook. The call can be accessed via webcast and telephone, with details available on their website. Additionally, Franchise Group will participate in the UBS and D.A. Davidson virtual conferences on March 9 and 11, 2021, respectively. The company operates over 4,000 locations across various brands, aiming to generate strong cash flow for shareholders.

Franchise Group, Inc. (NASDAQ: FRG) has announced a quarterly dividend of $0.375 per share, payable on or about April 15, 2021, to shareholders on record by the close of business on March 31, 2021. The company operates over 4,100 locations through various franchises, including Liberty Tax Service and The Vitamin Shoppe, aiming to generate strong cash flow for shareholders. This dividend marks a commitment to enhancing shareholder value amidst ongoing business operations.