A&W Revenue Royalties Income Fund (OTCPK:AWRRF)
$ 26.7582 0 (0%) Market Cap: 390.81 Mil Enterprise Value: 422.70 Mil PE Ratio: 40.81 PB Ratio: 2.40 GF Score: 56/100

Q1 2020 A and W Revenue Royalties Income Fund Earnings Call Transcript

Apr 29, 2020 / 08:00PM GMT
Release Date Price: $19.3
Operator

Good day, and welcome to the A&W Revenue Royalties Income Fund Q1 2020 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Susan Senecal. Please go ahead, ma'am.

Susan D. Senecal
A&W Revenue Royalties Income Fund - President & CEO

Thanks, Nadia, and good afternoon, everyone. Thanks for taking the time to attend our call today. I'm Susan Senecal, President and CEO of A&W Food Services of Canada and CEO of the A&W Revenue Royalties Income Fund. With me on the call today is Don Leslie, who's the Chief Financial Officer of A&W Food Services and the fund; and Thomas Hughes, the controller of A&W Food Services.

The results that we're presenting today are for the A&W Revenue Royalties Income Fund for the first quarter, which ended on March 22, 2020. A&W same-store sales were down by 4% for the first quarter of 2020 as compared to the first quarter of 2019. Same-store sales growth in January and February 2020 was positive. However, starting March 13,

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