VANCOUVER — The 102 restaurants in The Keg Royalties Income Fund grew sales by $23.6 million to $154.5 million during the fourth quarter of 2015, ending the year with $574 million in gross sales. Same-store sales increased by 11.1 per cent for the quarter and eight per cent for the year.
“We are exceptionally pleased with our same-store sales growth performance for the quarter and for the year,” says David Aisenstat, president and CEO of Keg Restaurants Ltd. “The same-store sales growth was the primary driver of the growth in Royalty Pool Sales during the year, which in turn generated record levels of both royalty income and cash available for distribution to the fund’s unitholders.”
Three new restaurants were added to the Royalty Pool on Jan. 1, 2015.
