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Boston Pizza Royalties Income Fund Announces 2020 Fourth Quarter and Annual Results and January 2021 Cash Distribution of $0.065 Per Unit


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COVID-19 continues to adversely affect Boston Pizza s business.  Franchise Sales for the fourth quarter of 2020 decreased by 30.6% versus one year ago.
Toronto Stock Exchange: BPF.UN
Highlights
As at December 31, 2020, approximately 370 Boston Pizza restaurants were providing take-out and delivery services, with approximately 100 of these restaurants also having their dining rooms and sports bars open with reduced seating capacity.
System-Wide Gross Sales
1 of $181.7 million for the Period and $773.5 million for the Year, representing decreases of 34.3% and 30.1%, respectively, versus the same periods one year ago.
Franchise Sales
2 from royalty pool restaurants of $146.6 million for the Period and $613.2 million for the Year, representing decreases of 30.6% and 28.2%, respectively, versus the same periods one year ago. ....

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