Q1 2020 A and W Revenue Royalties Income Fund Earnings Call Transcript

Feb 12, 2024

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Apr 29, 2020 / 08:00PM GMT
Operator

Good day, and welcome to the A&W Revenue Royalties Income Fund Q1 2020 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Susan Senecal. Please go ahead, ma'am.

Susan D. Senecal - A&W Revenue Royalties Income Fund - President & CEO

Thanks, Nadia, and good afternoon, everyone. Thanks for taking the time to attend our call today. I'm Susan Senecal, President and CEO of A&W Food Services of Canada and CEO of the A&W Revenue Royalties Income Fund. With me on the call today is Don Leslie, who's the Chief Financial Officer of A&W Food Services and the fund; and Thomas Hughes, the controller of A&W Food Services.

The results that we're presenting today are for the A&W Revenue Royalties Income Fund for the first quarter, which ended on March 22, 2020. A&W same-store sales were down by 4% for the first quarter of 2020 as compared to the first quarter of 2019. Same-store sales growth in January and February 2020 was positive. However, starting March 13,

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