Planet Organic Health Corp (TSX Venture Exchange - POH), Canada's leading natural products retailer, today reported consolidated sales for the quarter ended September 30, 2006 of $11.1 million compared to $8.4 million for the same period last year, an increase of 32% or $2.7 million.
The PLANET ORGANIC MARKET division showed a 32% increase in same-store sales growth for the 13-week quarter ended September 30, 2006. Same-store sales increased to $7.6 million compared to $5.7 million for the same period last year for the five locations in the comp. The market division, which has a total of six locations comprising 46,534 square feet, generated revenues of $7.7 million for the quarter.
"The market division continues to perform," reports Krissie. "Virtually all the growth was from same-store-sales increases!"
"We just opened our new Calgary location on October 4, which has exceeded our expectations. Our first Toronto location opens early in the New-Year," reports Mark Craft, co-founder/President of the Market division.
SANGSTER'S HEALTH CENTRES - another division of Planet Organic Health Corp - also reported sales results for the 13-week quarter ending September 30, 2006. Total system sales increased by 13% to $3.9 million compared to $3.4 million in the same period last year. This increase was driven by the acquisition of the Newfound Health chain. Same-store sales growth increased 1.2% to $2.6 million over the same quarter last year. System sales are net retail sales from all corporate and franchised stores. Of the 50 locations under the Sangster's banner, 32 are part of the sales comp calculation totalling 25,000 square feet. The total square footage for all 50 locations is 39,523.
HEALTHY'S - Planet's seven corporate health centres reported sales of $856,000 for the 13-week quarter ended Sept 30, 2006. This represents a 4% increase over the same period last year when it was privately owned.
"We are very excited about launching our new brand and store design for the Healthy's division," reports Ameen Ferris, President of Healthy's. "We are confident this will drive top and bottom line growth."
TROPHIC CANADA - a division of Planet Organic Health Corp, reported sales results for the 13-week quarter ending September 30, 2006. Net sales for the quarter increased by 13% to $1.7 million. "Another great quarter for Trophic," reports Krissie. "We continue to capitalize on vertical integration synergies and Trophic's sales channels throughout Canada."
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 first quarter financial results November 29, 2006, after 5:00 pm.
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 seven natural food supermarkets throughout Canada under the Planet Organic Market banner. The company also operates 50 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 64 stores throughout the country.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.