Sportscene Group Pursues its Growth and Expands its Brand Portfolio
Source Foodservice & Hospitality
According to Sportscene Group Inc.’s results for the first quarter of
fiscal 2019, following three years of sustained growth, the company’s
strategic repositioning has been successfully completed, as its
performance continues to meet expectations in terms of restaurant
traffic, increased sales, higher profitability and improved financial
For the 13-week period ending November 25, 2018, Sportscene Group’s
consolidated revenues grew by 10.7 per cent to $28 million, reflecting
the strong performance of its core business — the restaurant segment —
whose revenues were up by 11 per cent thanks to the increase in
restaurants’ total sales.
The company closed the quarter with net
earnings of $1 million, or $0.25 per share, up 27.9 per cent compared to
the same quarter last year.
The company is currently pursuing optimization and expansion of
the La-Cage banner, while maintaining its local-procurement strategy
focused on quality and freshness. The opening of a corporate La Cage
location is scheduled in the next few months.
Last September, the company opened a L’Avenue restaurant
in Boucherville, Que. — the third unit to operate under that banner.
Additionally, it has developed its new À Domicile concept, the first
unit of which will open this month. The company also plans to expand
its PF Chang’s Asian-cuisine banner in summer 2019.