A Boston Pizza store is seen in North Vancouver, B.C. Wednesday, May 9, 2012. THE CANADIAN PRESS/Jonathan Hayward
February 09, 2022 - 8:11 AM
VANCOUVER - Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.
The pizza restaurant chain says its profit amounted to 59 cents per unit for the quarter ended Dec. 31 compared with a profit of 91 cents per unit a year earlier.
Total revenue for the quarter amounted to $9.8 million, up from $7.8 million in the fourth quarter of 2020, while franchise sales by restaurants in the royalty pool totalled $183.2 million, up from $146.6 million a year earlier.
Same restaurant sales in the quarter were up 25.5 per cent compared with a year earlier.
The company says same restaurant sales in the quarter compared with the fourth quarter of 2019 before the pandemic were down 11.5 per cent.
Boston Pizza closed two restaurants in the fourth quarter.
This report by The Canadian Press was first published Feb. 9, 2022.
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