New CEO...Different Company Now? | The Vitamin Shoppe 2022 Full-Year Update

What this episode covers

When making that prediction in November 2022, I never imagined it would come true so quickly, but it’s time to explain what the life after Sharon Leite might look like at The Vitamin Shoppe. Taking over the CEO role at The Vitamin Shoppe will be Lee Wright (or at least he’s filling those shoes right now). I say that because he’s also the Chief Commercial Officer for the parent company Franchise Group. I'll run through his background and also explain the possible significance his previous employer Conn's HomePlus might have on Franchise Group. Additionally, I will update you on the recent business performance for The Vitamin Shoppe. I'll utilize the 2022 Q4 Franchise Group (NASDAQ: FRG) earnings report and conference call to provide quarterly and full-year 2022 segment-level financial details for The Vitamin Shoppe. I will also dig deeper into several areas of The Vitamin Shoppe, such as franchising activity and merchandising category trends (including the retailer's increased private label brand focus). FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN - https://www.linkedin.com/in/joshuaschallmba TWITTER - https://www.twitter.com/joshua_schall INSTAGRAM - https://www.instagram.com/joshua_schall FACEBOOK - https://www.facebook.com/jschallconsulting MEDIUM - https://www.medium.com/@joshuaschall

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