Aegis Brands Inc. (TSE:AEG) has released an update.
Aegis Brands Inc. has experienced a robust first quarter with system sales up by 17.2%, and St. Louis Bar & Grill’s significant contribution of $2.5 million in EBITDA and a 12.9% increase in same store sales. The company also successfully concluded the sale of Bridgehead Coffee’s assets, while the new Wing City locations show promising early results. Overall, Aegis Brands Inc. is poised for continued growth with plans to add new stores and a focus on improving franchisee profitability.
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