Q2 2025 Boston Pizza Royalties Income Fund Earnings Call Transcript

Aug 14, 2025 / 03:30 PM GMT

Release Date Price: C$20.93 (+5.71%)

Transcript

Key Points

Positve

Boston Pizza Royalties Income Fund (BPZZF) achieved the strongest same restaurant sales growth since Q1 2012, excluding COVID recovery quarters.
Franchise sales from restaurants in the royalty pool increased by 6.3% for the quarter and 5.3% year-to-date compared to the previous year.
The fund's net and comprehensive income increased significantly to $14.3 million for the quarter, up from $7.5 million in the same quarter of 2024.
The monthly distribution rate was increased by 4.3%, reflecting strong financial performance.
The updated Boston Pizza brand and new partnership with Live Nation have been positively received, enhancing guest engagement.

Negative

Sales tapered off slightly towards the end of the quarter, indicating potential volatility.
The fund's payout ratio remains high at 99.6% on a trailing twelve-month basis, suggesting limited room for further distribution increases.
Increased income tax expenses partially offset gains in royalty and distribution income.
The economic outlook remains uncertain, requiring close monitoring of available cash balances.
Despite strong performance, the company is cautious about providing forward-looking guidance, reflecting potential market uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BPF_u.TO - Boston Pizza Royalties Income Fund
Q2 2025 Boston Pizza Royalties Income Fund Earnings Call
Aug 14, 2025 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, this is the Chorus Call conference operator.

Thank you for standing by. Welcome to Boston Pizza's second quarter 2025 conference call. As a reminder, all participants are in less and only mode and the conference is being recorded on August 14th, 2025. After the presentation, there will be a question and answer session. Participants on the call may also post post their questions via email to Boston Pizza's investor relations department at investor [email protected]. Should you need assistance during the conference, you may reach an operator by addressing star, then 0 on your phone. At this time, I would like to turn the conference over to Michael Harvison, Chief Financial Officer.

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