Sales Up 47% as Planet Gains More Momentum Through Continued Expansion
EDMONTON, Oct. 25 /CNW/ - Planet Organic Health Corp (TSX Venture
Exchange - POH), Canada's leading natural products retailer, today reported
consolidated sales for the year of $55.3 million compared to $37.7 million
last year, an increase of 47% or $17.6 million. Fourth quarter sales results
for the 13-week quarter ending June 30, 2007 were $15.7 million compared to
$10 million for the same period last year, an increase of 57% or $5.7 million.
The PLANET ORGANIC MARKET division showed a 13.8% increase in same-store
sales growth for the quarter ended June 30, 2007 and 18.3% same-store sales
growth for the year ended June 30, 2007. Total revenues increased to
$12.1 million compared to $7.6 million for the quarter, an increase of 57.9%.
Annual sales increased to $40.6 million compared to $27.5 million over the
previous year, an increase of 47.4%.
SANGSTER'S HEALTH CENTRES - another division of Planet Organic Health
Corp - also reported sales results for the 13-week quarter ending June 30,
2007. Total system sales increased by 5.2% to $4.1 million compared to
$3.9 million in the same quarter last year. Annual system sales (which are
equivalent to same store sales) jumped to $16.7 million vs. $15.5 million for
the same period last year, up $1.2 million dollars or 7.9% over last year.
HEALTHY'S, POHC's corporate health centres, reported sales of $929,269
for the quarter. This represents a 1.5% increase over the same period last
year when it was privately owned. Annual sales increased to $3.8 million over
$3.7 million for the prior year, a total increase of 2.5%. The re-brand of
Healthy's will be delayed until the second quarter of fiscal 2008. Healthy's
has 7 locations in the Greater Toronto Area.
TROPHIC CANADA - a division of Planet Organic Health Corp, reported sales
results for the 13-week quarter ending June 30, 2007. Net sales for the
quarter increased to $1.9 million up 12.5%. Annual sales increased 11.16% to
$7.2 million vs. $6.5 million last year.
POHC consolidated sales are after consolidation entries. Segmented sales
by division are prior to consolidation entries, reflecting their net sales to
the industry and to related parties. Percentages are rounded. These figures
are subject to final adjustments.
Planet Organic Health Corp will be releasing their annual financial
results, which will include all financial data, after the close of market
October 29, 2007.
ABOUT PLANET ORGANIC
Planet Organic Health Corp. (TSX-V: POH), is a natural products industry
company, comprising manufacturing, distribution and retail. In fiscal 2006
POHC was recognized as one of the Top 50 Companies on the TSX Venture
Exchange, where it is currently listed as a Tier One company. Planet operates
eight natural food supermarkets throughout Canada under the Planet Organic
Market banner and 11 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 7 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 74 stores throughout North America.
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