Close X
Thursday, November 14, 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

Toddler Found Dead, Victoria Police Investigate Sudden Death

Toddler Found Dead, Victoria Police Investigate Sudden Death
Victoria Police are investigating the sudden death of a toddler in a hotel room. Police say officers responded to reports of a woman screaming at a hotel on Douglas Street at around 4 a.m. Saturday.

Toddler Found Dead, Victoria Police Investigate Sudden Death

Police Confirm Boy's Death After Falling 15 Storeys From Toronto High Rise

Police Confirm Boy's Death After Falling 15 Storeys From Toronto High Rise
TORONTO — Police have confirmed that a little boy who fell 15 storeys from a high rise apartment building in Toronto's east end (near Overlea Boulevard) has died.

Police Confirm Boy's Death After Falling 15 Storeys From Toronto High Rise

B.C. Watchdog Investigating Two Police Killings In Less Than A Week In Surrey And Dawson Creek

B.C. Watchdog Investigating Two Police Killings In Less Than A Week In Surrey And Dawson Creek
SURREY, B.C. — British Columbia's police watchdog is investigating its second police shooting in three days after officers killed a distressed man in Surrey early Saturday, sparking alarm from civil liberties advocates.

B.C. Watchdog Investigating Two Police Killings In Less Than A Week In Surrey And Dawson Creek

Via Rail Service To Toronto Resumes After Train Derailment Near Bowmanville

Via Rail Service To Toronto Resumes After Train Derailment Near Bowmanville
BOWMANVILLE, Ont. — Via Rail passenger service resumed Sunday after being disrupted by the derailment of a CN Rail freight train east of Toronto.

Via Rail Service To Toronto Resumes After Train Derailment Near Bowmanville

Watchdog Has 'No Confidence' In B.C. Ministry's Review Of Child Sex Abuse Case

VICTORIA — British Columbia's children's minister has promised a review after social workers violated a court order and allowed a father who had molested his kids unsupervised visits.

Watchdog Has 'No Confidence' In B.C. Ministry's Review Of Child Sex Abuse Case

16-Year-Old Indian-American Boy Part of US chemistry Olympiad team

16-Year-Old Indian-American Boy Part of US chemistry Olympiad team
Indian-origin Soorajnath Boominathan is part of a four-member team that will represent the US in the annual 47th International Chemistry Olympiad to be held in Baku, Azerbaijan, from July 20 to 29.

16-Year-Old Indian-American Boy Part of US chemistry Olympiad team