Imvescor Reveals Fourth-Quarter Results and Announces New CEO


MONCTON, N.B. — Imvescor Restaurant Group has released its quarterly report, and while its same-store sales were down, the company has increased its supply chain revenue and retail royalties over the past year and re-appointed Denis Richard to his former position of CEO.

System sales were $96.5 million for the 13 weeks ended Oct. 27, 2013, compared to $100.7 million the previous year. Its year-end sales were $386.1 million, compared to $396.5 million in fiscal 2012.

Same-store sales fell 0.9 per cent for the fourth quarter of 2013 — a decline of one per cent, compared to the same period last year. Overall, total system sales were down in the last quarter: Pizza Delight was down 2.5 per cent; Mikes was down 3.2 per cent; Scores was down 4.4 per cent; and Bâton Rouge was down 6.3 per cent. Meanwhile, the company has increased its supply chain revenues from $7.7 million in 2012 to $9 million in 2013 and retail royalties from $1.9 million in 2012 to $4.1 million in 2013.

In addition to reinstating Denis Richard as CEO, the company also appointed Roland Boudreau, Gary O’Connor and François-Xavier Seigneur to the Board of Directors.

Other highlights from the fourth quarter include the purchase of the assets of Commensal 2007 S.E.C. and its manufacturing facility, which the company will use to make products under the Commensal brand as well as to produce Mikes, Bâton Rouge and Scores products. 

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