Franchise Group, Inc.
FRGAP
NASDAQ Global Market25.15
USD
- -
- -
CIK
0001528930
ISIN
US35180X2045
CUSIP
35180X204
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-0.79
77.03
5Y
1.62
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Brian R. Kahn CFA
- Full Time Employees
- 8,575
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- 109 Innovation Court Delaware OH United States of America 43015
- IPO Date
- Sep 21, 2020
- CIK
- 0001528930
- Website
- franchisegrp.com
- Similar Companies
- Business
- Franchise Group, Inc. is a holding company that owns and operates franchised and franchisable businesses primarily in the retail sector. Its core brands and business segments include Pet Supplies Plus, an omnichannel retailer and franchisor of pet products and services; Buddy’s Home Furnishings, offering furniture and home goods; and The Vitamin Shoppe, which provides vitamins, minerals, supplements, and wellness products through an omnichannel platform. Historically, the company also operated American Freight (a furniture and appliance retailer) and Sylvan Learning (a supplemental education franchisor) but has recently streamlined its portfolio. Founded in 2010 and headquartered in Delaware, Ohio, Franchise Group focuses on growing its franchise brands across the United States. In 2023, a consortium acquired the company in a $2.6 billion deal, marking a significant ownership transition. In late 2024, Franchise Group filed for Chapter 11 bankruptcy and initiated a rapid restructuring process to deleverage its balance sheet by converting $1.5 billion of debt into equity and securing $250 million in debtor-in-possession financing. As part of its strategic reset completed in mid-2025, the company exited lower-growth brands including American Freight and The Vitamin Shoppe to focus primarily on two high-growth franchises: Pet Supplies Plus and Buddy’s Home Furnishings. The restructuring aims to position Franchise Group for sustainable growth with a capital-efficient, franchise-driven model supported by over 1,000 operating locations predominantly in the U.S. Franchise Group targets various customer segments including individual consumers of pet care products, home furnishings, and wellness products, operating both company-owned and franchised stores. Its business model focuses on cash flow generation through franchise royalties, retail operations, and wholesale product distribution. The recent strategic pivot reflects a sharper focus on core brands with robust unit economics and growth potential, supported by enhanced operational efficiencies and a leaner capital structure. The company continues to seek growth opportunities through organic expansion and selective acquisitions within its franchising platform. Franchise Group’s key subsidiaries under its refocused portfolio include Pet Supplies Plus and Buddy’s Home Furnishings, now consolidated under the newly formed Fusion Parent, LLC. The company’s portfolio simplification and debt reduction efforts during the restructuring have established a stronger financial foundation to drive store expansion and capitalize on franchisee growth in the competitive retail and franchising sectors. Overall, Franchise Group, Inc. operates as a multi-brand operator of franchised businesses, emphasizing strong cash flow generation and franchise growth in the pet supplies and home furnishings markets, with a headquarters in Delaware, Ohio and operations across the United States. Its recent deleveraging and strategic portfolio focus mark a significant evolution in its business model and market positioning to enhance long-term shareholder value.