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Boston Pizza Fnd Un (TSE:BPF.UN)
TSX:BPF.UN
Canadian Market

Boston Pizza Fund (BPF.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 13, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
Last Year’s EPS
0.3
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 13, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a largely positive performance: record annual franchise sales, solid same-restaurant sales, growth in royalty/distribution income, higher net income and distributable cash per unit, successful marketing and significant renovation activity. Key negatives were a higher payout ratio (largely due to a one-time special distribution), increased income taxes and no openings in 2025. Management emphasized sustainable monthly distributions, a renewed development pipeline for 2026, and continued promotional initiatives, indicating confidence in ongoing momentum.
Company Guidance
The call guided that the trustees approved a monthly cash distribution of $0.12 per unit for January 2026 (payable Feb. 27, 2026; record date Feb. 21, 2026) and emphasized sustainability and close monitoring of available cash balances (after a special $0.11/unit distribution paid Dec. 31, 2025); operational guidance highlighted Q1 marketing and menu initiatives (Popular Pasta Tuesday with pastas from $11.99/$15.99, Valentine’s heart‑shaped pizzas with $1 donated per pizza, gift‑card promo of $50 → $10 promotional card redeemable Jan–Mar 2026, NFL/Pepsi and upcoming Olympics/World Cup activations) and continued restaurant investment (9 renovations in Q4, 40 in 2025 and a similar ~40 renovation target for 2026, two new restaurant projects pushed from 2025 into early 2026), while key recent metrics noted were Q4 franchise sales $244.4M / FY $976.3M (+4.3% Q4, +4.8% Y/Y), SRS +3.7% Q4 / +4.7% FY, royalty income $9.8M Q4 / $39.1M FY, distribution income $3.2M Q4 / $12.8M FY, cash from operations $9.9M Q4 / $39.7M FY, distributable cash $7.9M Q4 / $31.6M FY (per unit $0.369 Q4 / $1.487 FY), and payout ratios 127.3% Q4 (97.5% ex‑special) and 101.9% FY (94.5% ex‑special); management reiterated focus on supporting franchisees and driving sustainable, long‑term growth (average sales per location ≈ $3.3M).
Record Annual Franchise Sales
Boston Pizza Restaurants achieved the highest annual total franchise sales in brand history: $976.3 million for FY2025, up 4.8% versus FY2024 ($931.7 million).
Strong Quarterly and Same-Restaurant Sales Momentum
Royalty Pool franchise sales for Q4 were $244.4 million (up 4.3% vs Q4 2024). Same-restaurant sales (SRS) were 3.7% for Q4 and 4.7% for the year, driven by takeout/delivery momentum, promotions, and playoff-related traffic.
Increases in Royalty and Distribution Income
Royalty income rose to $9.8 million in Q4 ($39.1 million for the year) from $9.4 million Q4 2024 ($37.3 million for the year). Distribution income was $3.2 million in Q4 ($12.8 million for the year) versus $3.1 million Q4 2024 ($12.2 million).
Higher Net and Comprehensive Income
Fund net and comprehensive income increased to $11.1 million in Q4 2025 (from $6.6 million in Q4 2024) and $42.2 million for the year (from $31.9 million in 2024). Q4 increase driven primarily by a $5.7 million fair value gain.
Growth in Distributable Cash and Per-Unit Metrics
Distributable cash rose to $7.9 million in Q4 (up 5.1% vs Q4 2024) and $31.6 million for the year (up 4.1% vs 2024). Distributable cash per unit increased to $0.369 in Q4 (+5.1%) and $1.487 for the year (+4.1%).
Operating Cash Flow Improvement
Cash flows from operating activities increased to $9.9 million in Q4 (from $9.4 million) and $39.7 million for the year (from $38.1 million), supporting distributable cash growth.
Capital Investment and Brand Enhancements
Forty restaurant renovations completed in 2025 (9 in Q4), up from 28 in the prior year, with continued franchisee engagement and audiovisual and guest-facing upgrades planned.
Successful Marketing and Menu Innovations
Game day and holiday promotions (e.g., Pepperoni Stinger Pizza, Stuffed Crust Mozza Sticks) and gift-card incentives drove guest engagement; new items became core menu offerings and promotions were supported by TV, digital and social media.
Return of Growth Pipeline for 2026
While no new restaurants opened in 2025, the company has projects underway (notably in BC and Ontario) and a renewed pipeline of development opportunities, indicating expected openings in 2026.
Special and Ongoing Distributions
A special cash distribution of $0.11 per unit was declared and paid in Dec 2025 in recognition of record franchise sales; trustees approved a monthly cash distribution of $0.12 per unit for Jan 2026 to be paid in Feb 2026.

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
May 13, 2026
2026 (Q1)
- / -
0.298
Feb 13, 2026
2025 (Q4)
0.52 / 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)
Feb 14, 2024
2023 (Q4)
0.37 / 0.24
0.298-19.46% (-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
Feb 13, 2026
C$23.82C$24.06+1.04%
Nov 10, 2025
C$19.00C$19.58+3.06%
Aug 14, 2025
C$18.87C$19.95+5.71%
May 09, 2025
C$17.58C$17.36-1.23%
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 May 13, 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 May 13, 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?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:BPF.UN EPS forecast?
          Currently, no data Available