Welcome to our dedicated page for Joint news (Ticker: JYNT), a resource for investors and traders seeking the latest updates and insights on Joint stock.
The Joint Corp. (NASDAQ: JYNT) is a national operator, manager and franchisor of chiropractic clinics under The Joint Chiropractic brand, and its news flow reflects both its role in healthcare and its franchise-driven growth strategy. Company press releases highlight its position as the nation’s largest provider of chiropractic care through a branded network that delivers millions of patient visits each year and operates more than 950 locations nationwide.
News about The Joint Corp. frequently covers financial results and operating metrics, including quarterly revenue trends, system-wide sales, comparable clinic sales and Adjusted EBITDA. These updates often discuss refranchising activity, the mix of franchised versus company-owned or managed clinics, and transactions involving the sale of groups of clinics to existing franchisees or franchise groups in regions such as Arizona, New Mexico, the Southeast and other markets.
Investors and observers can also expect announcements about strategic initiatives, such as the company’s multi-year plan to strengthen its core, reignite growth and improve profitability. Press releases have described efforts to become a pure play franchisor, acquire or adjust regional developer rights, and invest in marketing infrastructure, including search engine optimization, AI-search and a mobile app aimed at enhancing the patient experience.
In addition, The Joint Corp. issues news on brand recognition and expansion, including rankings in franchise industry lists, entry into new states and promotional campaigns under The Joint Chiropractic banner. Leadership appointments in areas such as operations, patient experience and marketing are also covered, providing insight into how the company supports its franchise network and retail healthcare model. For ongoing updates on JYNT, this news page aggregates these company communications in one place.
The Joint Corp. (NASDAQ: JYNT) has secured a two-year sponsorship agreement with Grand Canyon University Athletics, becoming their Official Chiropractor through 2026. The partnership demonstrates The Joint's commitment to their hometown market and promotes chiropractic care benefits for collegiate athletes. The Joint Chiropractic operates over 40 locations in the greater Phoenix metropolitan area and serves as the official chiropractic partner for more than 15 professional sports and collegiate athletic programs nationwide.
The Joint Corp. (NASDAQ: JYNT), the nation's largest franchisor of chiropractic care, announced it will report its third quarter 2024 financial results on Thursday, November 7, 2024, after market close. A conference call led by President and CEO Sanjiv Razdan and CFO Jake Singleton will be held at 5:00 p.m. EST. Shareholders can join the call by dialing (833) 630-0823 or (412) 317-1831. A live webcast with slides will be available on the company's IR events section, accessible for approximately one year.
The Joint Corp. (NASDAQ: JYNT) has appointed Sanjiv Razdan as its new President and Chief Executive Officer, effective October 14, 2024. Razdan will also join the company's Board of Directors. This announcement coincides with the resignation of Peter D. Holt from his positions as President, CEO, and director.
Razdan brings extensive experience in consumer services and franchise business leadership, having worked with successful organizations such as YUM! Brands, Dine Brands, The Coffee Bean and Tea Leaf, and Sweetgreen. His expertise lies in brand building, culture championing, and driving innovation for sustainable growth.
The Joint Corp., the largest franchisor of chiropractic care in the United States through The Joint Chiropractic® network, aims to leverage Razdan's experience to shape its next growth phase and enhance its market position in routine and affordable chiropractic care.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, has been ranked No. 150 on the Franchise Times Top 400 list. This represents an 18-spot improvement from the previous year, marking The Joint's fifth consecutive year in the top 200 listing of brands.
The Franchise Times Top 400 ranks the largest US-based franchised systems according to global, systemwide sales. Peter D. Holt, President and CEO of The Joint Chiropractic, attributed this recognition to the dedication and commitment of their franchisees, Regional Developers, and clinic teams across the country.
The Joint Chiropractic is known for its convenient retail setting and concierge-style services, offering patients no-appointment, no-insurance hassle chiropractic care with affordable prices and accommodating hours, including evenings and weekends.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, is celebrating its 25th anniversary with a special promotion. From October 7 to November 4, existing patients can enjoy retro membership rates of $49 for the first month at participating locations, reflecting the company's 1999 pricing.
The Joint Chiropractic has achieved significant milestones over the past 25 years, including:
- Over 13 million patient visits annually
- More than 2,500 licensed chiropractors
- Expansion to over 950 clinics across 41 states and DC
- Over $1 million in donations to chiropractic schools and associations
- Strategic partnerships with major league sports teams and collegiate athletics
The company is known for its convenient retail setting, no-appointment policy, affordable care, and accommodating hours, including evenings and weekends.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, has appointed Beth Gross as the new Senior Vice President of Human Resources. Reporting directly to CEO Peter D. Holt, Gross brings 20 years of experience to the role. She will be responsible for strategic HR leadership and operational execution, overseeing areas such as talent lifecycle, total rewards, HR systems, payroll, employment practices, employee relations, and legal compliance.
Holt emphasized the importance of HR in connecting high-performing teams with business objectives in today's changing job market. Gross expressed her enthusiasm for joining The Joint, recognizing the company's role in transforming healthcare delivery and increasing access to chiropractic care for millions of consumers.
The Joint Corp. (NASDAQ: JYNT), the largest franchisor of chiropractic care in the US, has been recognized as one of the Top 50 Franchises by SUCCESS Magazine in its May/June 2024 money issue. The Joint is featured in the health and wellness category, with SUCCESS highlighting the brand's support, recognition, and economies of scale.
Peter D. Holt, President and CEO of The Joint Corp., expressed gratitude for the recognition, emphasizing the benefits of franchising. The Joint Chiropractic is renowned for its convenient retail setting and concierge-style services, offering patients no-appointment, no-insurance hassle chiropractic care with affordable prices and flexible hours, including evenings and weekends.
The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the US through The Joint Chiropractic® network, has announced its participation in the 7th Annual B. Riley Securities Consumer & TMT Conference. The event is scheduled for Thursday, September 12, 2024, at the Sofitel New York.
Key details:
- President and CEO Peter D. Holt and CFO Jake Singleton will represent the company
- They will conduct one-on-one meetings throughout the day
- Interested parties can contact their B. Riley Securities representative for more information
This participation indicates The Joint Corp.'s commitment to investor relations and its potential interest in discussing business strategies, market trends, and growth opportunities in the chiropractic care sector.
The Joint Corp. (NASDAQ: JYNT), the largest provider of chiropractic care in the US, has opened its first clinic in San Francisco. Located at 1549-A Sloat Blvd. in Lakeshore Plaza, it's the second location for franchisee Jacki Walker. This expansion is part of The Joint's strategy to grow coast to coast and provide accessible chiropractic care in diverse communities.
The Joint Chiropractic offers convenient, affordable care without appointments or insurance hassles. Walker, who also owns franchises of another health and wellness concept, brought The Joint to San Francisco because she felt the area was underserved in terms of chiropractic care. The new clinic aims to provide easy access to routine care without appointments or insurance requirements.
The Joint Corp. (NASDAQ: JYNT) reported Q2 2024 financial results with a 3% revenue growth to $30.3 million compared to Q2 2023. The company experienced a net loss of $3.6 million due to litigation expenses, loss on disposition or impairment, and costs from an in-person franchise conference. Adjusted EBITDA decreased to $2.1 million from $3.2 million in Q2 2023. System-wide sales grew 8% to $129.6 million, and system-wide comp sales increased 2%.
Key metrics:
- Total clinic count rose to 960.
- Seven franchise licenses sold, down from 21 in Q2 2023.
For the first half of 2024, revenue was $60 million, up from $57.6 million in H1 2023. Net loss reached $2.6 million, compared to a net income of $2 million in H1 2023. The company reiterated its full-year guidance with system-wide sales expected between $530-$545 million and new franchised clinic openings between 60-75.