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Boston Pizza Fnd Un (TSE:BPF.UN)
TSX:BPF.UN
Canadian Market
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Boston Pizza Fund (BPF.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 31, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
Last Year’s EPS
0.67
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 13, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and top-line performance with franchise sales and same-restaurant sales up 3.1%, modest improvements in distributable cash and a distribution increase (+3.3%). Guest traffic and promotional momentum remain strong and pipeline activity for renovations and new sites looks healthy. Key cautions include a payout ratio above 100% on both a quarterly and trailing 12-month basis, meaning distributions slightly exceed distributable cash, the Q1 net income increase being materially driven by non-cash fair value gains, modest absolute distributable cash growth, and rising tax/interest expenses. Management also flagged geopolitical and supply-chain risks and emphasized close monitoring of cash balances and distribution sustainability.
Company Guidance
Management's guidance was cautiously constructive: Q1 franchise sales for the Royalty Pool were $238.4 million (+3.1% YoY) with same‑restaurant sales +3.1%, royalty income $9.5M (vs. $9.2M), distribution income $3.1M (vs. $3.0M) from 372 Royalty Pool restaurants, net income $12.2M (vs. $6.3M), cash from operations $9.6M (vs. $9.3M), distributable cash $7.5M (+2.9% or $0.2M) or $0.354/unit (+$0.01), Q1 payout ratio 101.6% (trailing 12‑month 102.2%), and trustees increased the monthly distribution to $0.124/unit (+$0.004 or 3.3%, annualized $1.488); operationally there were 0 openings, 2 closures and 11 renovations in Q1 with pipeline projects underway (Revelstoke, Western Ontario, Dryden, The Pas). Looking ahead management expects Q2 promotional support (playoff, World Cup and summer/Live Nation campaigns) to drive traffic but will closely monitor cash balances, distribution sustainability and potential supply‑chain/cost risks from ongoing global trade and geopolitical uncertainty.
Franchise and Same-Restaurant Sales Growth
Franchise sales from Royalty Pool restaurants were $238.4M for Q1, up 3.1% year-over-year; same-restaurant sales increased 3.1%, driven principally by higher guest traffic and momentum in takeout and delivery.
Royalty and Distribution Income Increases
Royalty income rose to $9.5M from $9.2M YoY; distribution income increased to $3.1M from $3.0M YoY, based on the same Royalty Pool of 372 restaurants.
Net Income and Non-Cash Fair Value Gains
Fund net and comprehensive income was $12.2M for Q1 versus $6.3M a year ago, primarily due to a $7.4M fair value gain (non-cash).
Distributable Cash and Per-Unit Growth
Distributable cash grew to $7.5M from $7.3M (+2.9%); distributable cash per unit increased to $0.354 from $0.344 (+2.9%).
Monthly Distribution Increased
Trustees raised the monthly distribution to $0.124 per unit from $0.120 (an increase of $0.004 or +3.3%), annualized to $1.488 per unit from $1.44.
Guest Engagement, Promotions and Community Impact
Promotional initiatives (e.g., Pasta Tuesday, Pepsi NFL partnership, Valentine’s heart-shaped pizzas) drove guest enthusiasm; charitable program raised approximately $650,000 for the Boston Pizza Foundation and local charities.
Operational Momentum and Development Pipeline
Positive guest visitation continued into Q2 (including April), with active renovation program (11 renovations in Q1; 40 in 2025) and multiple development projects underway (Revelstoke, Dryden, The Pas, other sites) indicating pipeline for openings later in 2026 and into 2027.
Operating Cash Flow Slightly Improved
Cash flows from operating activities were $9.6M for Q1 compared to $9.3M a year ago, contributing to distributable cash.

Boston Pizza Fund (TSE:BPF.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:BPF.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 31, 2026
2026 (Q2)
- / -
0.673
May 13, 2026
2026 (Q1)
0.57 / 0.57
0.29892.28% (+0.27)
Feb 13, 2026
2025 (Q4)
0.36 / 0.52
0.2885.71% (+0.24)
Nov 10, 2025
2025 (Q3)
0.33 / 0.49
0.4411.36% (+0.05)
Aug 14, 2025
2025 (Q2)
0.37 / 0.67
0.33103.03% (+0.34)
May 09, 2025
2025 (Q1)
0.30 / 0.30
0.37-19.46% (-0.07)
Feb 14, 2025
2024 (Q4)
0.34 / 0.28
0.2416.67% (+0.04)
Nov 07, 2024
2024 (Q3)
- / 0.44
0.06633.33% (+0.38)
Aug 02, 2024
2024 (Q2)
0.32 / 0.33
0.59-44.07% (-0.26)
May 10, 2024
2024 (Q1)
0.38 / 0.37
0.3119.35% (+0.06)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:BPF.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 13, 2026
C$23.60C$23.86+1.09%
Feb 13, 2026
C$23.58C$23.82+1.04%
Nov 10, 2025
C$18.81C$19.38+3.06%
Aug 14, 2025
C$18.68C$19.75+5.71%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Boston Pizza Fnd Un (TSE:BPF.UN) report earnings?
Boston Pizza Fnd Un (TSE:BPF.UN) is schdueled to report earning on Jul 31, 2026, TBA (Confirmed).
    What is Boston Pizza Fnd Un (TSE:BPF.UN) earnings time?
    Boston Pizza Fnd Un (TSE:BPF.UN) earnings time is at Jul 31, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is TSE:BPF.UN EPS forecast?
          Currently, no data Available