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Restaurant chain Freshii withdraws 2019 outlook after widely missing third-quarter results

November 8, 2018 12:28 AM
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The company, which reports in U.S. dollars, said its net loss attributable to shareholders was $459,000 or one cent per share during the period ended Sept. 30. That’s compared with a $514,000 or two cents per share loss a year earlier.

Sales for restaurants open at least a year, a key retail metric, decreased 0.8 per cent compared with a same-store sales growth of 5.1 per cent in the third quarter of 2017.

Total revenues increased 27 per cent to $5.6 million, from $4.4 million a year earlier as it added 10 net new locations.

Also read: Stelco reports earnings of $125 million in Q3 in sharp jump from last year

Source: thestar.com

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