A&W Posts Eighth Consecutive Year of Growth

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VANCOUVER — A&W Revenue Royalties Income Fund has reported results for the fourth quarter — from Sept. 13 to Dec. 31, 2010 — and the full-year results from Jan. 1, to Dec. 31, 2010.

Same-store sales growth in A&W restaurants was 2.2 per cent for the year and 1.1 per cent for the quarter compared to the same periods last year. This marks the eighth consecutive year and 31st consecutive quarter of same-store sales increases.

“The fourth quarter was an important one for the Fund,” says Paul Hollands, president and chief executive officer, A&W Food Services of Canada Inc. “In addition to posting our thirty-first straight quarter of increases in same-store sales, we undertook a significant reorganization in the Fund. We’sre pleased with the continued same-store sales growth, which occurred despite the uncertain economic conditions and the impact of the HST on the restaurant industry in British Columbia.”

What’s more, the company reports total sales of restaurants in the royalty pool and corresponding royalty income increased by 5.5 per cent in 2010 versus 2009. This growth was achieved through same-store sales growth and the addition of 15 new restaurants to the Royalty Pool on Jan. 5, 2010.

 

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