Quarterly sales were up over 21% to $22.8B with digital sales growing 276% and Net Income reaching $586M in FQ1/2020, up from $49 million in FQ1/2019, but the stock price remains below recent IPO price. [more]
Gross sales reported by A&W restaurants in the royalty pool dropped 28% year-over-year. At its peak, 230 of 971 A&W restaurants in the royalty pool were temporarily closed due to the coronavirus; currently only 21 restaurants remain closed. [more]
Quarterly revenue reached $86.6M, up 74% year-over-year. For the first time, the meal-kit provider & online grocer reported positive Net Income and positive EBITDA. Buoyed by the financial results, Goodfood announced a C$35 million bought deal financing at a price of C$6.05 per share. [more]
Amid a global pandemic and economic uncertainty, Cerberus sells its stake at $16/share, below the original estimated price range of $18 to $20. Albertsons is the second-largest supermarket operator in the U.S. with over 2,200 stores in 34 states. [more]
Last week, Amanda Lang of BNN Bloomberg spoke with Heather Reisman, Founder & CEO of Indigo Books & Music (TSX: IDG), about the current plight of retail businesses in Canada and it does not look good. [more]
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