VAUGHAN Ontario Priszm Income Fund, franchisee of 484 Taco Bell, KFC, Pizza Hut and Long John Silver’s units across Canada, said it will divest 145 restaurants over the next two years, as it posted a decline in third-quarter earnings and sales. Earnings for the third quarter ended Sept. 9 were $4.6 million, compared with $5.1 million a year earlier. Sales decreased 4 percent to $122.4 million, compared with $127.4 million for the year-ago quarter. Same-store sales fell 4.7 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?