TSX:BPF.UN - Post by User
Comment by
DanielDardenon Dec 12, 2024 6:35pm
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Post# 36360028
RE:RE:RE:Distribution raised again
RE:RE:RE:Distribution raised againDanielDarden wrote: DanielDarden wrote: They are exceeding 2019 sales so obviously that was the lead up to the boost. Probably more important is that management seems confident that they can maintain the sales if/when a recession should appear. This is post the Q1 results.
Obviously 2024 is looking good with the bump up. Hockey is likely driving this as Can. Teams are having good seasons overall with contenders for the CUP in several cities. Q2 could be even better when the playoffs start and patios open for the summer. A special distribution could be in the offing before year end.
Yep! Now that the special distribution has been announced along with a distribution boost, ‘24 was truly a good year. While many restaurants have closed BP appears to be the beneficiary. Upscale is hurting while their market is resilient and should continue to be during hockey season and beyond.