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Freshii pre-reports same-store sales up 6.4%Freshii pre-reports same-store sales up 6.4%

Fast-casual brand’s results exceed earlier guidance of 5% gain in 4Q

Ron Ruggless, Senior Editor

January 26, 2018

2 Min Read
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Same-store sales at Freshii Inc., the Canadian-based fast-casual brand, increased 6.4 percent in the fourth quarter ended Dec. 31, the company said in preliminary results released Wednesday.

The preliminary results exceeded analysts’ fourth-quarter same-store-sales  estimates of about 5 percent. Freshii stock at midday Thursday was trading about 0.4 percent lower from Wednesday’s close of CA$7.57 a share.

Since going public a year ago on the Canadian exchange, Toronto-based Freshii’s stock price has swung widely, with a 52-week range of CA$5.28 to CA$15.09 a share.

Freshii in November had offered an outlook of “approximately 5 percent” same-store sales growth for the full 2017 fiscal year. Freshii is scheduled to release fourth-quarter earn...

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About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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