Sportscene Reports Positive Results for Q1 2017

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MONTREAL — Sportscene Group Inc. has announced financial results for the first quarter of fiscal 2017 — the 13-week period ended November 27, 2016 — continuing the positive trends of fiscal year 2016.

During the quarter, total sales of the La Cage – Brasserie Sportive network increased by 3.5 per cent to $28.1 million, despite there being three fewer units in the system than the previous year. This sales growth reflects an increase in average same-store sales driven by the major repositioning strategy implemented in previous quarters. Sportscene’s revenues also rose 4.4 per cent to $21.6 million, while adjusted EBITDA grew by 36 per cent to reach $1.9 million, reflecting an improvement in the company’s profit margins.

“The positive trends in our results are solid and sustainable, as they stem from a major renewal of La Cage’s food offering and brand image, which continues to be very well received by consumers,” says Jean Bédard, president and CEO.

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