“Our continued growth, as well as the ability to serve patients and deliver quality care during a pandemic, demonstrates the strength of our business model and is reflective of our ranking on these much-admired industry lists,” said
The Joint was named, or advanced its ranking, on the following lists:
2021 America’s Best Small Companies list, where The Joint was named number 13 out of 100 companies. Forbes’ list of America’s Best Small-Cap Companies was compiled using data from FactSet. It screened for companies with a market value between
$300 millionand $2 billion, positive sales growth over the past 12 months and a share price of at least $5. Financial institutions, REITs, utilities, and limited partnerships were excluded, as were companies public for less than one year. The rankings are based on earnings growth and sales growth for the latest 12 months and over 5 years, one-year and 5-year return on equity and 52-week total return. More weight was given to the latest-12 months data in the ranking.
Fast & Serious List 2021, ranking the smartest-growing brands, with The Joint Chiropractic moving up 17 spots, compared to last year, to #17. Franchise Times created a formula to identify fast-growing franchise systems that also have staying power, as an antidote to multiple other rankings that include too many one-year wonders. Controller
Matt Haskindeveloped a proprietary 10-point formula, including percentage sales growth, percentage unit growth, dollar sales growth and numerical unit growth over the past three years. The database for the project is the Franchise Times Top200+ annual ranking published in October of the largest franchise systems by revenue. Haskin identified the companies that submitted information for all three years for that project, then selected for analysis those with systemwide sales above $40 million.
2021 Franchise 500® ranking, with The Joint moving up 20 spots, compared to last year, to #58. The key factors in Entrepreneur‘s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
The Joint Chiropractic is the nation’s largest network of non-insurance, private pay chiropractic healthcare clinics in
About The Joint Chiropractic
This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of industry trends, our future financial and operating performance and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include, but are not limited to, the continuing impact of the COVID-19 outbreak on the economy and our operations (including temporary clinic closures, shortened business hours and reduced patient demand), our failure to develop or acquire company-owned or managed clinics as rapidly as we intend, our failure to profitably operate company-owned or managed clinics, and the other factors described in “Risk Factors” in our Annual Report on Form 10-K as filed with the
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