Q1 2021 A and W Revenue Royalties Income Fund Earnings Call Transcript
Good day, and welcome to the A&W Revenue Royalties Income Fund Q1 2021 Results Conference Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Ms. Susan Senecal. Please go ahead.
Thanks, Stephanie, and good afternoon, everyone. Thank you for taking the time to attend our call today. I'm Susan Senecal. I'm 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 Kelly Blankstein, who's the Chief Financial Officer of A&W Food Services and the fund; and Lisa Marzocco, who's our Director of Finance.
The results that we're presenting today are for A&W Revenue Royalties Income Fund for the first quarter, which ended on March 28, 2021. Same-store sales for that quarter were minus 5.6% as compared to the first quarter of 2020. When comparing these results year-over-year, it's important to note that COVID-19 only impacted A&W sales in
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