Successful Marketing Campaigns
Boston Pizza's summer patio campaign and fall-themed menu resonated well with guests, generating over $1 million for the Boston Pizza Foundation, a 6% increase from 2023.
Increase in Net and Comprehensive Income
The Fund's net and comprehensive income increased by $4.5 million for the quarter compared to the third quarter of 2023, primarily due to a $6.8 million increase in fair value gain.
Resilience in Franchise Sales
Franchise sales levels held steady through the third quarter, showcasing the resilience of Boston Pizza's business despite macroeconomic challenges.
Positive Trends in Restaurant Development
Two new restaurants opened year-to-date, and 18 underwent renovations, showing progress in restaurant development.