Second Cup boosts sales, triple profit
Article Abstract:
Second Cup Ltd., a Toronto, Ontario-based specialty coffee retailer, has reported profits of C$9.1 million, or 6 cents a share, for the fiscal year that ended June 27, 1998. The amount is three times higher compared to the C$3 million, or 21 cents a share, it reported in fiscal 1997. The boost in profits has been attributed largely to the increase in operating earnings of the company from its US and Canadian operations, with operating profits from its Canadian operations rising by 10% to C$8.9 million.
Comment:
Reports profits of C$9.1 million, or 6 cents a share, for fiscal year that ended 12/27/98
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Cara looks to add Kelsey's to its menu
Article Abstract:
Cara Operations Ltd, the Toronto, Ontario-based operator of the Harvey's hamburger and Swiss Chalet chicken chains, has offered to buy Kelsey's International Inc of Oakville, Ontario, for around C$25 million. Kelsey's operates a namesake casual dining chain and Montana's Cookhouse Salon restaurants. Cara said Kelsey's chairman and CEO Paul Jeffrey and president and COO Nils Kravis are supportive of the deal, but would retain their combined 48.2% stake in Kelsey's.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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