Canadian natural products retailer Planet Organic Health Corp. has reported a 50% rise in second-quarter consolidated net sales to C$13.8m (US$11.83m), from $9.2m in the same period last year.
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“Each of our divisions performed well,” said company co-founder and chief financial officer Darren Krissie, “with Planet Organic Markets showing the greatest growth.”
The company’s seven Planet Organic Markets full-service organic food stores generated revenues of $9.2m. This included a 17.9% increase in same-store sales from $6.7m to $7.9m, the company said.
Meanwhile, the company’s franchised Sangster’s Health Centre outlets recorded sales for the 13-week period of $4.3m, up from $3.9m in the same period last year. The increase was driven by the acquisition of the Newfound Health chain in August 2005. Same-store sales were up by 6.1%.
Sales at the company’s vitamin manufacturing division Trophic Canada rose by 7.9% to $1.6m.
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By GlobalData
