EDMONTON, ALBERTA, Nov 22, 2005 (CCNMatthews via COMTEX) -- PLANET ORGANIC HEALTH CORP (CA:POH), Canada's leading natural and organic supermarket chain today reported their sales results for the 13-week quarter ending September 30, 2005. Sales were $8.4 million compared to $4.6 million for the same period last year, an increase of 81.1% or $3.8 million.
PLANET ORGANIC MARKETS - a division of Planet Organic Health Corp, reported sales results for the 13-week quarter ending September 30, 2005. Revenues increased by 43.9% to $5.7 million, compared to $3.8 million in the same period last year. This increase was driven by store acquisitions, store expansions, and same-store sales growth of 37.8%.
"We are extremely pleased with our growth," said Mark Craft, Planet Organic Markets President and co-founder of the corporation, "with same-store sales increases of over 37%, it shows that the demand for organic food is on the rise and that we have built a strong team to deliver."
SANGSTER'S HEALTH CENTRES - a division of Planet Organic Health Corp, reported sales results for the 13-week quarter ending September 30, 2005. System sales increased by 34.9% to $3.4 million compared to $2.5 million in the same period last year. This increase was driven by acquisitions and same store sales growth of 2.6%. Revenues for this division were $1.2 million for the period. System sales is net sales from all corporate and franchised stores. Sangster's closed one non-performing location in the city of Fort Saskatchewan, AB. The division has a total of 48 locations.
Last month the parent company, Planet Organic Health Corp, reported results for the year ending June 30, 2005. Revenue for the corporation was $27.2 million for the year, versus $12.1 million for the 12-month period last year, an increase of over 120% from the previous year.
"This is very encouraging and we believe these results reflect on our commitment to promoting environmental responsibility and the personal health of our customers" said Mark Craft and Roy Sangster, the two retail division leaders.
Planet Organic Health Corp will be releasing their first quarter results on November 29, which will include all financial data.
About Planet Organic
Planet Organic Health Corp(CA:POH), is a natural products industry company, comprising manufacturing, distribution and retail. It operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam and Halifax under the Planet Organic Market banner. In addition the company operates 48 natural health outlets under the Sangster's Health Centre banner. Another POHC company, Trophic Canada is the country's leading manufacturer of natural supplements. POHC's objective is to consolidate the fragmented natural and organic foods industry in Canada via acquisitions, mergers and new retail operations.
This news release contains forward-looking information. Actual results may vary significantly from estimates.