Aegis Brands Inc. (TSE:AEG) has released an update.
Aegis Brands Inc. has reported a strong financial turnaround with its fourth-quarter system sales surging by 19.1% and annual sales up by 12.2%, marking a significant recovery with operating income of $2.1 million after last year’s loss. Contributing to this success, the St. Louis brand saw a rise in same-store sales and the expansion to 78 stores, while new initiatives like Uber Eats partnerships and in-store betting with Sports Interaction boosted franchisee profitability.
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