Boston Pizza Royalties Income Fund reported record franchise sales of CAD 257.5 million in the third quarter of 2026, up 3.4% from a year earlier, according to the fund's results. Same-restaurant sales rose 3.9%, the eighth straight quarter of positive comparable sales.
The fund raised its monthly distribution to CAD 0.126 per unit from CAD 0.124, effective Oct. 1, 2026. Distributable cash was CAD 8.4 million, down 0.9% from CAD 8.5 million.
Net and comprehensive income fell to CAD 0.7 million from CAD 10.4 million a year earlier. The fund attributed the drop mainly to fair value losses, which it described as non-cash. The fund reported a CAD 13.0 million increase in fair value loss for the quarter.
Jordan Holm, president of Boston Pizza International, said the quarter marked "Boston Pizza's eighth consecutive quarter of positive Same Restaurant Sales." He said the company is "well-positioned to sustain growth throughout the remainder of 2026."
Units were quoted at $21.13 in recent trading, up 2.32% from a previous close of $20.65.