Highlights
- Strength of underlying operations reflected in continued sales and
revenue momentum in Canada and the U.S.
- Same-store sales up 4.3% in Canada and 3.3% in the U.S.
- Total revenues up 9.8%
- Management to focus on its core growth markets in the Northeast and
Midwest U.S.; Company takes $20.9 million asset impairment charge and
will close its locations in two markets in the New England region
- Approximately $400 million in after-tax cash proceeds from sale of
interest in Maidstone Bakeries planned to be deployed to repurchase
shares and $30 million committed with the intent of helping
franchisees to mitigate anticipated rising operating costs
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