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SPoT Coffee (Canada) Ltd V.SPP

Alternate Symbol(s):  SCFFF

Spot Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices, and resellers such as universities and hospitals.


TSXV:SPP - Post by User

Bullboard Posts
Post by warrenvon Nov 07, 2017 9:02pm
72 Views
Post# 26922380

Spot Coffee increases sales ahead of Financials

Spot Coffee increases sales ahead of Financials

 

Spot Coffee talks up sales numbers ahead of Q3 results

 

2017-11-07 09:07 ET - News Release

 

Mr. Anton Ayoub reports

SPOT COFFEE REPORTS SIGNIFICANT SALES INCREASES

Spot Coffee (Canada) Ltd. has confirmed that the year-over-year same-store sales of the following corporate-owned and franchise cafes have significantly increased during the past three months:

 

  • Spot Transit sales up 26 per cent;
  • Spot Glens Falls sales up 22 per cent;
  • Spot Hamburg sales up 12 per cent;
  • Spot Saratoga Springs sales up 10 per cent.

 

Spot attributes the marked improvement in sales at these and other Spot cafes to two key factors:

 

  • Strong and sustained local advertising and support programs in their immediate communities and surrounding neighbourhoods;
  • Management's focus on continuously improving customer service.

 

Spot believes that this increase in sales at its cafes will reflect positively on its forthcoming Q3 financial statement, which will be released soon.

About Spot Coffee (Canada) Ltd.

Spot designs, builds, operates and franchises community-oriented cafes and express cafes in New York State and the Northeast United States. Spot's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices, and third party resellers such as universities and hospitals. 

Bullboard Posts