The Canadian operator and franchisor of multiplebanners sees total annual revenues exceed C$1 billion for the first time. Netincome was C$30.5 million (US$19.5 mm) on a 20% rise in systemwide revenues toC$1.05 billion (US$671.8 mm) for the period ended Feb. 2, 2003. Corporate storesales rose 23% to C$715.0 million (US$456.0 mm); franchise store revenues grew17% to C$208.8 million (US$133.2 mm). Annual comparable store sales rose 4.9%in corporate doors and 11.5% in franchise locations. FY gross margins rose 30basis points to 34.7% as EBITDA margin gained 80 basis points to 9.0%.

Implied Q4 results reflect a 28% rise in net income ... Log in to view full article.