Business
Second Cup Royalty Income Fund announces strong first quarter same cafe sales growth of 6.1% and March distribution
Second Cup Royalty Income Fund announces strong first quarter same cafe sales growth of 6.1% and March distribution.
About this update from Aegis Brands Inc
[{"type":"text","content":"\n\n\n\nMISSISSAUGA, ON, April 11 /CNW/ - Second Cup Royalty Income Fund has\nannounced that its Board of Trustees has approved a cash distribution of\n$0.0910 per unit for the month of March, 2007 to be paid on April 30, 2007 to\nunitholders of record at the close of business on April 27, 2007.\n\n\nIn addition, the Fund is also pleased to announce that same cafe sales\ngrowth for cafes in the Royalty Pool was 6.1% for the period January 1, 2007\nthrough March 31, 2007. This strong result follows a highly successful 2006\nfourth quarter same cafe sales achievement of 7.8% and represents the ninth\nconsecutive quarter of positive same cafe sales growth since the inception of\nthe Fund in December 2004. System sales in the first quarter of 2007 were\nboosted by the redemption of Second Cup Cafe Card balances originally loaded\nduring the holiday season, price increases implemented in 2006 and Second\nCup's winter promotional program. "We are very pleased with the continuing\nstrength of our same cafe sales growth and I would again like to thank our\nguests, franchisees and colleagues for their ongoing dedication and commitment\nto Second Cup", commented Bruce Elliot, President of The Second Cup Ltd.\n\n\nThe Fund is an open-ended trust established under the laws of the\nProvince of Ontario. It holds, through an indirect wholly-owned limited\npartnership, the Canadian trade-marks and other intellectual property and\nassociated rights used by The Second Cup Ltd. ("Second Cup") in connection\nwith the operation of Second Cup cafes in Canada. For more information on the\nSecond Cup Royalty Income Fund please visit www.secondcupincomefund.com.\n\n\nSecond Cup is Canada's largest specialty coffee cafe franchisor and\nsecond largest retailer of specialty coffee, as measured by number of cafes.\nFor further information on Second Cup, visit www.secondcup.com.\n\n\n%SEDAR: 00021352E\n\n\n","length":1968,"tagName":"div"}]