Planet Organic Health Corp Announces Second Quarter Financial Results



    Sales increase 99%; EBITDA increase of 78%;

    EDMONTON, Feb. 29 /CNW/ - PLANET ORGANIC HEALTH CORP (TSX Venture
Exchange - POH), Canada's leading natural products retailer announces their
financial results for the quarter ended December 31, 2007. Sales increased 99%
to $27.5 million for the quarter versus $13.8 million for the same period last
year. EBITDA increase 78.2% to $1.8 million compared to $1.0 million for the
same period last year. These increases were driven by acquisitions, store
expansions, and same-store sales growth.
    "We are very pleased with our results for Q2. Sales and EBITDA have
increased with the addition of Mrs Green's in addition to both same store
sales at Planet Organic Market and Mrs Green's", reports Darren Krissie, CFO.

    
    Summary of Q2 Fiscal 2008 Financial Results

                                                  Fiscal 2008    Fiscal 2007

    Sales                                          27,505,473     13,786,404
    Cost of Goods Sold                             16,319,749      8,298,029
    Gross Profit                                   11,406,766      5,674,565
    SGA                                             9,539,736      4,602,959
    Amortization                                      353,959        244,914
    Interest                                          997,503         65,655
    Stock Based Compensation                          490,912           0
    Foreign Exchange Gain                              42,314           0
    EBITDA                                          1,867,030      1,071,606
    Earnings before Tax                                66,970        736,909
    Net Income                                        -45,190        536,909
    Cash Flow from Operations (before changes
     in non-cash working capital accounts)          1,149,738        762,741



                                                      YTD            YTD
                                                  Fiscal 2008    Fiscal 2007
    Sales                                          53,247,846     25,005,485
    Cost of Goods Sold                             31,804,056     15,143,350
    Gross Profit                                   21,933,404     10,227,728
    SGA                                            18,702,874      8,229,058
    Amortization                                      702,402        475,104
    Interest                                        2,007,846        114,619
    Stock Based Compensation                          795,824           0
    Foreign Exchange Gain                             919,831           0
    EBITDA                                          3,230,530      1,998,670
    Earnings before Tax                               643,289      1,384,819
    Net Income                                        415,289        934,819
    Cash Flow from Operations (before changes
     in non-cash working capital accounts)          1,898,755      1,371,755
    


    Please see the Company's Q2 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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