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BRIEF-Freshii Inc Reports Same-Store Sales Growth For Q1 2020 Down 14.3%

Published 2020-06-26, 07:22 a/m
Updated 2020-06-26, 07:24 a/m
© Reuters.

June 26 (Reuters) - Freshii Inc FRII.TO :

* FRESHII INC. ANNOUNCES FIRST QUARTER 2020 RESULTS

* FRESHII - SYSTEM-WIDE SALES WERE $37.2 MILLION IN Q1 2020, COMPARED TO $43.2 MILLION FOR 13 WEEK PERIOD ENDED MARCH 31, 2019 ("Q1 2019")

* FRESHII - HAD 3 NET STORE CLOSURES IN Q1 2020, COMPRISED OF 5 OPENINGS AND 8 CLOSURES

* FRESHII INC - SAME-STORE SALES GROWTH FOR Q1 2020 WAS DOWN 14.3%

* FRESHII INC - ABOUT 69% OF FRESHII'S GLOBAL RESTAURANTS, INCLUDING OVER 80% OF NORTH AMERICAN STORES, WERE OPEN DURING WEEK OF JUNE 21, 2020

* FRESHII -SAME-STORE SALES TRENDS IMPROVED FROM THEIR PANDEMIC LOW POINT, WITH 60% OF LAST YEAR'S SALES RECOVERED DURING 2-WEEK PERIOD ENDING JUNE 21

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