June 19 (Reuters) - Second Cup Ltd SCU.TO :
* AEGIS BRANDS REPORTS FIRST QUARTER RESULTS
* SECOND CUP LTD - QTRLY LOSS PER SHARE $0.13
* SECOND CUP LTD - BY END OF JUNE 2020, CO EXPECTS TO HAVE ALL 19 BRIDGEHEAD COFFEEHOUSES & 185 SECOND CUP CAFÉS OPEN ACROSS COUNTRY
* SECOND CUP LTD - QTRLY ADJUSTED LOSS PER SHARE $0.09
* SECOND CUP LTD - QTRLY SAME STORE SALES WERE -8.6% COMPARED WITH -0.9% IN Q1 2019.
* SECOND CUP LTD - HALTING COLLECTION OF ALL ROYALTY AND ADVERTISING FUND PAYMENTS FOR PERIOD FROM FEBRUARY 23, 2020 TO MAY 16, 2020
* SECOND CUP LTD - REDUCING SALARIES FOR COFFEE CENTRAL STAFF BY 28%, AND FOR SENIOR LEADERSHIP TEAM BY UP TO 50%
* SECOND CUP LTD - Q1 2020 WERE SEVERELY IMPACTED BY COVID-19 PANDEMIC
* SECOND CUP LTD - TEMPORARILY ELIMINATING ALL COMPENSATION FOR CO'S BOARD OF DIRECTORS
* SECOND CUP LTD - ELIMINATING COFFEE CENTRAL POSITIONS WHERE POSSIBLE, THROUGH BOTH TEMPORARY & PERMANENT LAYOFFS
* SECOND CUP LTD - HAD NO EXTERNAL DEBT AND $2.6 MILLION IN UNRESTRICTED CASH AT END OF Q1
* SECOND CUP LTD - IS ENGAGING IN DISCUSSIONS ON VARIOUS OPTIONS TO ENHANCE LIQUIDITY
* SECOND CUP LTD - LEADING DISCUSSIONS WITH LANDLORDS TO SECURE ADJUSTED RENTS OBLIGATIONS THAT MATCH SALES VOLUMES FROM APRIL FORWARD