Freshii reports US$415,000 Q3 loss compared with US$446,000 loss a year ago

Freshii reports US$415,000 Q3 loss compared with US$446,000 loss a year ago
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TORONTO — Freshii Inc. reported a loss of US$415,000 in its latest quarter, slightly less than a year ago as revenue increased 5.4 per cent.

The restaurant chain, which keeps its books in U.S. dollars, says the loss amounted to a penny per share for the quarter ended Sept. 29.

That compared with a loss of $446,000 or a penny per share a year ago.

Revenue totalled nearly $5.9 million, up from $5.6 million in the same quarter a year ago.

System-wide sales grew 7.4 per cent to $49.2 million in the quarter compared with $45.8 million a year ago.

Freshii added 10 net new stores in the quarter as it opened 16 and closed six.

This report by The Canadian Press was first published Nov. 14, 2019.

Companies in this story: (TSX:FRII)

The Canadian Press

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