Edmonton, Alberta. October 25,2006
Planet Organic Health Corp (TSX Venture Exchange – POH), Canada’s leading natural products retailer, today reported consolidated sales for the year of $37.7 million compared to $27.2 million last year, an increase of 39% or $10.5 million. Fourth quarter sales results for the 13-week quarter ending June 30, 2006 were $10.0 million compared to $8.4 million for the same period last year, an increase of 19% or $1.5 million.
The PLANET ORGANIC MARKET division showed a 31% increase in same-store sales growth for the quarter ended June 30, 2006 and 36% same-store sales growth for the year ended June 30, 2006. Revenues increased to $7.6 million compared to $5.8 million for the quarter and annual sales increased to $27.5 million compared to $20.1 million over the previous year. “All the sales growth at the market division was derived from same-store sales. In retail terms, that’s significant!” reports Darren Krissie, co-founder and CFO of Planet Organic Health Corp
“I am very pleased by the same store sales,” said Mark Craft, Planet Organic Markets President and co-founder of the corporation. “We recently added a second location in both Edmonton and Calgary and one under construction in Toronto, which will help drive sales for fiscal 2007.”
SANGSTER’S HEALTH CENTRES – another division of Planet Organic Health Corp – also reported sales results for the 13-week quarter ending June 30, 2006. Total system sales increased by 53% to $3.9 million compared to $2.5 million in the same period last year. This increase was driven by the acquisition of the Newfound Health chain. Same-store sales growth increased 0.44% to $2.5 million over the same quarter last year. Annual system sales jumped to $15.4 million, up $4.9 million dollars or 49% over last year. Annual same-store sales were up 2% over last year. System sales are net retail sales from all corporate and franchised stores.
“The acquisition of Newfound Health is fitting in well with our Sangster brand” said Roy Sangster, President of Sangster’s.
TROPHIC CANADA – a division of Planet Organic Health Corp, reported sales results for the 13-week quarter ending June 30, 2006. Net sales for the quarter increased by 0.39% to $1.6 million. Annual sales increased 9% to $6.5 million. “We are very pleased with Trophic’s sales results for the year” reports Krissie, “the supplement arena is very competitive and this shows that the synergies with vertical integration are working as planned”.
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 October 30, 2006, which will include all financial data.
ABOUT PLANET ORGANIC
Planet Organic Health Corp. (TSX-V: POH), is a natural products industry company, comprising manufacturing, distribution and retail. Recently recognized as one of the Top 50 Companies on the TSX Venture Exchange, where it is listed as a Tier One company, Planet operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam, Halifax, and Port Credit under the Planet Organic Market banner. The company also operates 47 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 62 stores throughout the country.
For further information, please contact: Planet Organic Health Corp. Darren Krissie VP Corporate Development, CFO (780) 719-4667
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.