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.
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.
The Vitamin Shoppe launched TrueYou, a new line of nutritional supplements tailored for women at all life stages. Featuring 14 unique products, TrueYou aims to empower women's health through science-backed formulations, including the proprietary Women's Equilibrium Blend. Available exclusively at The Vitamin Shoppe and online, these products are crafted with premium ingredients and are free from artificial additives. The launch marks a significant milestone for the company, enhancing its portfolio in the wellness sector and promoting self-care among women.
The Vitamin Shoppe has launched its first-ever franchise store in Greensboro, North Carolina, marking a significant milestone in its 45-year history. This transition from a company-operated location to a franchise unit involves local entrepreneurs with extensive business experience. Under the franchise agreement, the store will undergo renovations and plans to open three additional locations by 2024. The company's franchise model aims to enhance growth by rewarding partners for driving online and app sales, further modernizing its business approach in today's retail landscape.
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.
B. Riley Financial (NASDAQ: RILY) announced the acquisition of a performing credit receivables portfolio from W.S. Badcock Corporation, valued at approximately $400 million. The portfolio includes receivables totaling $535 million as of December 15, 2021. This purchase is expected to enhance EBITDA and provide additional cash flow throughout its lifecycle. B. Riley Financial has established a new receivables business aimed at debt monetization solutions, leveraging its strong asset base of over $5 billion as of September 30, 2021.
The Vitamin Shoppe announced that CEO Sharon Leite will appear in the CBS series UNDERCOVER BOSS, airing on January 21, 2022. Leite disguised herself to understand store operations better, visiting multiple locations and interacting with employees. She expressed gratitude for the opportunity to connect with her team, noting that it inspired her to enhance the workplace environment. Leite has been at the helm since August 2018, implementing various innovations, including a new retail format and expansion into international markets.
