TSX:BPF.UN - Post by User
Post by
DanielDarden123on Nov 10, 2022 9:39am
424 Views
Post# 35088007
Q3 Music!
Q3 Music!"The third quarter of 2022 was the second consecutive quarter that Boston Pizza exceeded pre-pandemic sales levels, so we continue to be pleased with how our sales are trending in this post-pandemic recovery period. The elimination of government-imposed restrictions related to COVID-19 was a key factor contributing to our improved performance." said Jordan Holm, President of BPI. "As we close out 2022, we have several initiatives designed to continue our positive momentum, while remaining cautious as we help our franchisees navigate the current macroeconomic conditions and other challenges facing the restaurant industry.” (From pr)
My Take: Not surprising given the reduced competition and surging inflation. As a top line royalty payer, as opposed to the bottom line, holders are the beneficiaries of high inflation.