Aegis Brands (TSE:AEG) has released an update.
Aegis Brands reported a 4% increase in system sales for the third quarter of 2024, alongside a strategic restructuring aimed at boosting future profitability. Despite a net loss in the quarter, the company’s St. Louis brand showed promising growth with plans for expansion and the introduction of new retail products. Aegis is focusing on attracting new franchisees and enhancing store profitability, particularly in strong markets like Ontario and Manitoba.
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