Planet Organic Health Corp Announces First Quarter Financial Results



    Sales increase 130.2%; EBITDA increase of 47.1%;

    EDMONTON, Nov. 29 /CNW/ - PLANET ORGANIC HEALTH CORP (TSX Venture
Exchange - POH), Canada's leading natural products retailer announces their
financial results for the quarter ended September 30, 2007. Sales increased
130.2% to $25.7 million for the quarter versus $11.2 million for the same
period last year. EBITDA increased 47.1% to $1.4 million compared to $927,064
for the same period last year. These increases were driven by acquisitions,
store expansions, and same-store sales growth.
    "Our retail divisions continue to focus on gaining market share," reports
Darren Krissie, CFO of the Company.

    
    Summary of Q1 Fiscal 2008 Financial Results

                                                    Fiscal 2008  Fiscal 2007

    Sales                                            25,742,373   11,182,096
    Cost of Goods Sold                               15,484,307    6,845,321
    Gross Profit                                     10,526,638    4,553,163
    SGA                                               9,163,138    3,626,099
    Amortization                                        348,443      230,190
    Interest                                          1,010,343       48,964
    Stock Based Compensation                            305,912            0
    Foreign Exchange Gain                               877,517            0
    EBITDA                                            1,363,500      927,064
    Earnings before Tax                                 576,319      647,910
    Net Income                                          460,479      397,910
    Cash Flow from Operations
    (before changes in non-cash working
     capital accounts)                                  749,017      609,014
    

    Please see the Company's Q1 consolidated financials for further data.
EBITDA reported above is a non-GAAP measure and is earnings before interest,
taxes, depreciation, amortization, stock-based compensation and foreign
exchange gains or losses.
    For further financial information and a copy of our first quarter report,
please visit our website at www.planetorganichealthcorp.com or www.sedar.com.

    ABOUT PLANET ORGANIC

    Planet Organic Health Corp. (TSX-V: POH), is a natural products industry
company, comprising manufacturing, distribution and retail. Planet is listed
on the TSX Venture Exchange as a Tier One company. Planet operates eight
natural food supermarkets throughout Canada under the Planet Organic Market
banner and eleven natural food supermarkets in the U.S. under the Mrs Green's
Natural Markets banner. The Company also operates 48 natural health outlets
under the Sangster's Health Centre banner and seven natural health outlets
under the Healthy's banner. Another POHC company, Trophic Canada is the
country's leading manufacturer of natural supplements. The Company has a total
of 63 stores throughout Canada and 11 in the U.S.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: Planet Organic Health Corp., Darren Krissie, VP
Corporate Development, CFO, (780) 719-4667

Organization Profile

PLANET ORGANIC HEALTH CORP.

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