Close X
Monday, November 18, 2024
ADVT 
National

A&W Reports Higher Profits And Sales, Increases Distributions To Unitholders

The Canadian Press, 21 Jul, 2015 10:49 AM
  • A&W Reports Higher Profits And Sales, Increases Distributions To Unitholders
VANCOUVER — A&W Revenue Royalties Income Fund (TSX:AW) increased its payment to unit holders Tuesday as it reported an improved second-quarter profit compared with a year ago.
 
The burger chain said it will now pay a monthly cash distribution of 12.1 cents per unit, up from its previous payment of 11.7 cents. Based on the fund's unit price, it will now yield about 5.8 per cent.
 
The increase came as the fund reported a profit of $7.2 million for the three months ended June 14, up from a profit of $4.2 million a year ago.
 
Distributable cash per unit for the quarter totalled 37.8 cents, up from 33.6 cents in the same quarter last year.
 
Sales in the quarter by restaurants in the royalty pool totalled $249.1 million, up from $220.9 million a year ago, while same store sales improved 8.9 per cent compared with 7.0 per cent last year.
 
The fund had 814 restaurants in the royalty pool during the quarter, up from 790 last year.
 
"Our results are especially noteworthy given our strong results from the same quarter last year," said Paul Hollands, president and chief executive of A&W Food Services.

MORE National ARTICLES

Lululemon's E-commerce Sales A Growing Portion Of Retailer's Revenue

Lululemon's E-commerce Sales A Growing Portion Of Retailer's Revenue
The Vancouver-based clothing company known for its yoga-inspired fashions had US$423.5 million of revenue during the three-month period, up 10 per cent from US$384.6 million in last year's first quarter.

Lululemon's E-commerce Sales A Growing Portion Of Retailer's Revenue

British Columbia Farms Declared Free Of Avian Flu After A Three-Month Surveillance

British Columbia Farms Declared Free Of Avian Flu After A Three-Month Surveillance
VANCOUVER — British Columbia farms have been declared free of avian flu after a three-month surveillance period to ensure eradication of the disease in domestic poultry.

British Columbia Farms Declared Free Of Avian Flu After A Three-Month Surveillance

Public Safety Minister Steven Blaney Cites 'Right-Wing Extremist' In Edmonton Police Shooting

OTTAWA — Public Safety Minister Steven Blaney is using the shooting death of an Edmonton police constable to argue that no government has been tougher on gun crime than the Conservatives.

Public Safety Minister Steven Blaney Cites 'Right-Wing Extremist' In Edmonton Police Shooting

Alberta MP Tables Bill Named After Slain RCMP Officer To Tighten Bail Hearings

Alberta MP Tables Bill Named After Slain RCMP Officer To Tighten Bail Hearings
An Alberta MP has introduced a private member's bill named after a slain RCMP officer to ensure bail hearings have an accused's criminal history.

Alberta MP Tables Bill Named After Slain RCMP Officer To Tighten Bail Hearings

Activity Levels Of Canadian Kids Still Lags; Report Stresses Need For Outdoor Play

Activity Levels Of Canadian Kids Still Lags; Report Stresses Need For Outdoor Play
TORONTO — With Canadian children still failing to meet key physical activity targets, a new report is stressing the benefits of outdoor play and urging adults to give kids more freedom.

Activity Levels Of Canadian Kids Still Lags; Report Stresses Need For Outdoor Play

Fund For Victims Of Fiery Lac Megantic Oil Train Derailment Reaches $345 Million

Fund For Victims Of Fiery Lac Megantic Oil Train Derailment Reaches $345 Million
The compensation fund for victims of a fiery oil train derailment in Lac Megantic, Que., that claimed 47 lives has grown to $345 million with a contribution from the company that owned the shipment.

Fund For Victims Of Fiery Lac Megantic Oil Train Derailment Reaches $345 Million