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