The latest update is out from Odd Burger Corporation ( (TSE:ODD) ).
Odd Burger Corporation reported its first quarter financial results, highlighting a revenue increase of 6.2% over the previous quarter, though nearly flat compared to the same period last year. The company is transitioning towards a franchise model, which has led to a significant increase in franchise revenue, though this comes at the cost of lower per-unit revenue. This strategic shift is expected to facilitate long-term growth. Additionally, the company’s gross margin improved due to its focus on franchise growth, while salaries and wages decreased due to reduced staffing levels.
More about Odd Burger Corporation
Odd Burger Corporation operates in the fast-food industry, focusing on building a national chain of vegan fast-food restaurants. The company also has a consumer-packaged goods (CPG) line, which is rapidly growing, and is working on deploying technology to differentiate itself in the industry.
YTD Price Performance: -9.68%
Average Trading Volume: 31,064
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$27.56M
See more data about ODD stock on TipRanks’ Stock Analysis page.