US: Planet Organic sales up for year-end

By: just-food.com | 21 October 2008

Canadian organic and natural food retailer Planet Organic Health today (21 October) posted a 106% jump in consolidated sales for the year-end.

Sales reached of US$113.9m compared to $55.3m for the same period last year.

The company's market division showed same-store sales growth of 22.4% for the year. Total annual revenues increased to $54.8m from $40.6m last year, an increase of 35%.

Planet's US division, Mrs Green's Natural Market posted a 10.2% increase in annual revenue to $43.2m from $39.2m in 2007.

The company's two largest divisions, Planet Organic Market and Mrs Green's Natural Market account for the majority (86%) of total consolidated revenue. Going forward, Planet said its sales results from the smaller divisions; Trophic, Sangster's and Healthy's (Planet Organic Living), will be disclosed in the MD&A.

Sectors: Natural & organic, Retail

Companies: Planet Organic