Aegis Brands Inc. (TSE:AEG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aegis Brands Inc. has experienced a robust first quarter with system sales up by 17.2%, and St. Louis Bar & Grill’s significant contribution of $2.5 million in EBITDA and a 12.9% increase in same store sales. The company also successfully concluded the sale of Bridgehead Coffee’s assets, while the new Wing City locations show promising early results. Overall, Aegis Brands Inc. is poised for continued growth with plans to add new stores and a focus on improving franchisee profitability.
For further insights into TSE:AEG stock, check out TipRanks’ Stock Analysis page.