Canadian restaurant chain Boston Pizza continues to deal with COVID-19 challenges
BNN Bloomberg
Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.
VANCOUVER - Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.
The pizza restaurant chain says its profit amounted to 59 cents per unit for the quarter ended Dec. 31 compared with a profit of 91 cents per unit a year earlier.
Total revenue for the quarter amounted to $9.8 million, up from $7.8 million in the fourth quarter of 2020, while franchise sales by restaurants in the royalty pool totalled $183.2 million, up from $146.6 million a year earlier.
Same restaurant sales in the quarter were up 25.5 per cent compared with a year earlier.
The company says same restaurant sales in the quarter compared with the fourth quarter of 2019 before the pandemic were down 11.5 per cent.
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