Happy Belly Food Group Reports $19.3M in Q1 System Wide QSR Sales Up 80.4% Growth YOY

About this update from Happy Belly Food Group Inc

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 13, 2026) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands is pleased to announce its unaudited financial results and corporate update for the fiscal quarter ended March 31st, 2026.","length":338,"tagName":"p"},{"type":"text","content":"Q1 2026 Financial and Recent Business Highlights","length":48,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"System-wide sales across Quick Service Restaurants (QSR") totalled $19.3M in the first quarter of fiscal 2026, up 80.4% versus the same quarter last year (2025 - $10.7M). The increase is attributed to organic baseline restaurant growth, alongside increased restaurant count, which reached 87 operating restaurants at the end of Q1 2026, up 74.0% versus 50 in the prior year.","length":379,"tagName":"p"}]},{"val":[{"type":"text","content":"Total operating revenues, services, interest income and rebates totalled $6.0M in the first quarter of fiscal 2026, up 82.2% versus the same quarter last year (2025 - $3.3M). Year-over-year growth was driven by continued sales growth in QSR, multiple business acquisitions in the past twelve months, and net new restaurants (10 new openings in Q1).","length":348,"tagName":"p"}]},{"val":[{"type":"text","content":"Total product sales totalled $4.7M in the first quarter of 2026, up 70.3% versus the same quarter last year (2025 - $2.8M). In addition, royalties and franchise fee revenues reached $0.97M during the quarter, up 118% from the prior year (2025 - $0.45M), which was driven by an increase in royalties collected from added franchised restaurants in the system.","length":357,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA was $(0.17M) or (2.9%) in the first quarter of fiscal 2026 versus $0.14M or 4.2% in the same quarter last year.","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Total cash and cash equivalents remain healthy at $6.2M as of March 31, 2026 (2025 - $3.0M).","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"As of April 30, 2026, subsequent to fiscal 2025, the Company has opened and is operating 17 additional restaurants.","length":115,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1418,"olType":fal...

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