Leading Quick service restaurant chain Pizza Hut, which had doubled its store count in the country to over 820 in the last two years, will continue its "aggressive expansion spree" with a significant commitment to expand its presence in emerging smaller markets, said a top company official.
Pizza Hut To Continue Aggressive Expansion Spree, To Focus On Emerging Smaller Markets: Merrill Pereyra freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
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