Bullboard - Stock Discussion Forum Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

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TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > The customer is back

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Post by flamingogold on Aug 13, 2021 11:24am

The customer is back

Nice bump in revenues this year compared to last, both pandemic quarters. And with indoor dining capacity limits about to be removed combined with Ontario's vaccination rates pushing close to 80%, I see a long runway of returning growth.

"Our operating environment improved significantly late in the second quarter due to the easing of COVID-19 restrictions, particularly in Ontario," said Peter Fowler, chief executive officer of SIR. "While pooled revenue in the quarter more than doubled year over year as outdoor patio dining resumed in Ontario in June under the province's reopening plan, it should be noted that it is still 72.9 per cent below pooled revenue for the second quarter of 2019, prior to the pandemic. However, with indoor dining resuming in Ontario in July, our revenue levels have continued to build during the summer."

https://www.newswire.ca/news-releases/sir-royalty-income-fund-reports-2021-second-quarter-results-835485996.html

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