Welcome to our dedicated page for Franchise Group news (Ticker: FRG), a resource for investors and traders seeking the latest updates and insights on Franchise Group stock.
Franchise Group, Inc. (NASDAQ: FRG) operates a dynamic portfolio of consumer-focused franchises including Liberty Tax and The Vitamin Shoppe. This news hub provides investors and business professionals with essential updates on FRG's strategic initiatives across retail, tax services, and wellness sectors.
Access real-time updates on earnings reports, acquisition strategies, and brand expansions like PHOCUS beverages. Our curated news collection simplifies tracking FRG's operational milestones, including partnerships with industry leaders and franchise network developments.
Key coverage areas include financial performance, subsidiary updates, product launches, and leadership changes. Discover how FRG leverages brands like Gorilla Mind and BodyTech® to maintain market leadership in specialty retail and franchising.
Bookmark this page for streamlined access to verified FRG announcements. Check regularly for insights into the company's growth through strategic franchising and consumer trend adaptation.
Adyen has partnered with Pet Supplies Plus to enhance its payment solutions across approximately 230 corporate and 400 franchise locations in the U.S. This collaboration will implement Adyen's unified commerce platform, which includes a diverse terminal offering and real-time reporting tailored for franchise management. Pet Supplies Plus has praised Adyen for a seamless onboarding experience and the ability to integrate easily with its growth plans. The partnership emphasizes Adyen's commitment to supporting the retail sector through data-driven insights and a cohesive multi-channel experience.
The Vitamin Shoppe has partnered with TRC Healthcare to enhance consumer access to evidence-based information on dietary supplements through the Natural Medicines database. This collaboration comes amid rising interest in supplements, with over half of American adults reportedly consuming them. Health Enthusiast associates at more than 700 locations will utilize the database to provide credible advice, ensuring that clients make informed choices without influence from marketing. The partnership emphasizes transparency and aims to protect consumer health by offering reliable research-backed guidance.
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.
The Vitamin Shoppe has partnered with Follett Higher Education Group to provide health and wellness products at college bookstores in the U.S. Starting August 2022, students can access vitamins, protein powders, and supplements at select Follett locations and online. This partnership aims to meet the growing demand for health solutions among college students, promoting physical and emotional well-being. Follett operates over 1,100 college stores, making this collaboration a strategic move to enhance student access to high-quality nutritional products.
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.
FlexIt has partnered with The Vitamin Shoppe's Healthy Awards® loyalty program to offer members personalized access to various fitness professionals and wellness solutions. This collaboration aims to enhance the health and wellness experience for The Vitamin Shoppe's millions of members. FlexIt will provide live, tailored training sessions focused on individual health goals, with training modalities ranging from nutrition to physical therapy. The initiative is supported by ISSA, enhancing the network of fitness experts available to users.
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.
Ladder, founded by LeBron James and Arnold Schwarzenegger, has launched its sports nutrition products in over 690 locations of The Vitamin Shoppe, marking its retail debut. Previously available online, this partnership aims to enhance product accessibility. All Ladder products are NSF Certified for Sport®, ensuring high quality and safety. The offerings include Pre-Workout, Whey Protein, Plant Protein, and Hydration supplements. CEO Sharon Leite emphasized the commitment to providing innovative products to support wellness journeys.
