Recipe Unlimited Reports 2020 Fourth Quarter and Full Year Results
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VAUGHAN, ON, March 4, 2021 /CNW/ - Recipe Unlimited Corporation reported financial results today for the 13 and 52 weeks ended December 27, 2020.
Off-premise System Sales surpassed $500 million for the year, an increase of 44.6% compared to 2019
EBITDA Contribution from the Retail and Catering division of $48.4 million for the year, an increase of 32.6% compared to 2019
Positive Operating EBITDA of $35.0 million for Q4 and $113.8 million for the year
Successfully amended lending covenants to provide additional covenant flexibility through to the end of Q1 2022 Despite 94% of our operating weeks in Q4 being impacted by mandated full closures or severely restricted capacity constraints due to COVID-19, the company generated $35 million in operating EBITDA and positive cash flow of $17.5 million. This is a testament to both the resilience of our people, ou
WaBa Grill announced 2020 was the company’s best performing year, beating out 2019 which previously held the title. The brand ended its fiscal year 2020 by setting new records in Total System Sales (TSS) which were up by 3% with over 25% of all business coming from digital sales channels, compared to 4.5% in 2019. Also contributing to the strong financials were three new Southern California locations that opened in North Hollywood, Colton and Lancaster, with a chain wide total of 191 units operating in California and Arizona at year end. Celebrating its 15th anniversary this year, WaBa Grill’s record-breaking sales in 2020 prove that consumer demand for healthy and affordable food served fast is at an all-time high.
January 19, 2021 · ·
City of Industry, CA (
WaBa Grill, one of the nation’s leading healthy rice bowl chains, is proud to announce that 2020 was the company’s best performing year, beating out 2019 which previously held the title. The brand ended its fiscal year 2020 by setting new records in Total System Sales (TSS) which were up by 3% with over 25% of all business coming from digital sales channels, compared to 4.5% in 2019. Also contributing to the strong financials were three new Southern California locations that opened in North Hollywood, Colton and Lancaster, with a chain wide total of 191 units operating in California and Arizona at year end. Celebrating its 15