Newspaper article The Canadian Press

Second Cup Ends Last Year with First Positive Same-Store Sales Quarter since 2012

Newspaper article The Canadian Press

Second Cup Ends Last Year with First Positive Same-Store Sales Quarter since 2012

Article excerpt

Second Cup same-store sales turn positive

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MISSISSAUGA, Ont. - Second Cup ended last year with its first positive same-store sales quarter since 2012.

Same-store sales for locations open at least a year were up 0.2 per cent in the fourth quarter -- the first time Second Cup has had positive same-store sales in 14 quarters going back to early 2013.

The chain of coffee shops had $94,000 of net income in the three months ended Dec. 26, or one cent per share, compared with a loss of $469,000 or four cents per share in the same quarter a year earlier.

Second Cup (TSX:SCU) has been working to revitalize its brand and franchise network amid stiff competition from other coffee companies including Starbucks and restaurant chains including Tim Hortons and McDonald's. …

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