Q1 Fiscal 2022 Earnings Launch
On Could 10, 2022, Planet Health launched its fiscal first-quarter 2022 outcomes for the quarter ending March 2022. The Firm reported an adjusted earnings-per-share (EPS) revenue of $0.32 excluding non-recurring gadgets versus consensus analyst estimates for a revenue of $0.27, beating estimates by $0.05. Revenues rose 66.8% year-over-year (YOY) to $186.7 million, falling in need of analyst estimates for $190.44 million. System-wide same-store gross sales rose 15.9% because the Firm ends the quarter with over 16.2 million members. Planet Health CEO Chris Rondeau commented, “ Through the first quarter we accomplished the acquisition of Sunshine Health, one in all our best-performing franchisees in addition to a profitable refinancing of a portion of our debt. We’re bullish on the long run and imagine that the acquisition strengthens our highly effective enterprise mannequin by enhancing our company retailer group and diversifying the geographic profile of our corporate-owned shops, and the refinancing additional helps our enterprise mannequin, by locking in low charges on a good portion our debt.”
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