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BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2025 FIRST QUARTER RESULTS ON MAY 9TH

Cision Canada24-04-2025
The Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, April 24, 2025 /CNW/ - Boston Pizza Royalties Income Fund (the " Fund") (TSX: BPF.UN) and Boston Pizza International Inc. (" BPI") announced today that they will issue 2025 first quarter results via news release and on the Fund's website at www.bpincomefund.com on the morning of May 9, 2025.
The Fund will host a conference call with BPI's President, Jordan Holm and Chief Financial Officer, Michael Harbinson to discuss the results for the first quarter which ended on March 31, 2025. The call will take place on Friday, May 9, 2025 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time).
To participate in this conference call, please dial the following toll-free number approximately ten minutes prior to the commencement of the call:
1-833-821-3078 or 1-647-846-2537
A replay will be available until June 9, 2025 on the Fund's website or by dialing:
1-855-669-9658 or 1-412-317-0088
and enter the access code: 4873669 followed by # sign.
The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the March 2025 distribution which is payable on April 30, 2025, the Fund will have paid out 267 monthly distributions and three special distributions totaling $460.7 million or $27.80 per unit. The Fund earns revenue based on the franchise system sales of the 372 Boston Pizza restaurants in the Fund's royalty pool.
Boston Pizza is the premier casual dining brand in Canada. The first Boston Pizza restaurant opened in Edmonton, Alberta in 1964 and over 60 years later Boston Pizza proudly remains a 100% Canadian company serving communities from coast-to-coast-to-coast. It boasts a vast network of local franchise owners who collectively operate the largest number of dining rooms, sports bars, and patios across the nation, complemented by robust takeout and delivery services. Boston Pizza International Inc. has been recognized as a Franchisees' Choice Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many years, and has received awards from Great Place To Work in the categories of Best Workplaces: in Canada – 100-999 Employees, in British Columbia, in Retail & Hospitality, for Mental Wellness, for Women, for Giving Back, and with Most Trusted Executive Teams.
The trustees of the Fund have approved the contents of this news release.
SOURCE Boston Pizza Royalties Income Fund
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Article content John Slipp took over his father's duty-free store in 1994, which had been started more than a decade earlier. Article content This month, he closed the Woodstock Duty Free Shop Inc. as lower traffic at the U.S.-Canada border dealt the final blow to a business already weakened by the COVID-19 pandemic. Now, at 59, Slipp says he will have to find another source of income and is advocating for more government support for stores like his. Article content Article content Article content Fewer Canadians have been heading south in recent months in response to U.S. President Donald Trump's trade war with Canada, his comments about annexing the country and because of fears among travellers about treatment at the border. In the duty-free industry, Slipp said less border traffic directly correlates to fewer sales. Article content Article content At the store's peak in the early 2000s, Slipp said there were about 15 people on staff. In March 2020, he said he laid off four people and reopened after the pandemic with two employees. Article content Late in the summer of 2021, Slipp said duty-free stores were 'all starting from zero to rebuild again.' By the end of 2024, his business was still down about one-fifth from where it was in 2019. Article content Article content Then Trump returned to the White House. From January to April this year, things got worse for Slipp's store, and he ultimately decided to close based on declining sales and traffic numbers. Article content 'Just realizing that even after the U.S. administration changes down the road, in our industry, we do not expect the border traffic to change overnight as a result of that. We believe it's going to take years,' he said. Article content Recent figures from Statistics Canada noted that return trips from the U.S. dropped again in July as Canadians continue to shun travel to the U.S. Article content The number of Canadian residents returning from the U.S. by automobile was down 36.9 per cent on an annual basis in July, marking the seventh consecutive month of year-over-year declines.

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