Last C$1.96 CAD
Change Today +0.02 / 1.03%
Volume 156.5K
IRG On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

imvescor restaurant group in (IRG) Snapshot

Open
C$2.00
Previous Close
C$1.94
Day High
C$2.02
Day Low
C$1.96
52 Week High
05/7/14 - C$2.60
52 Week Low
09/13/13 - C$1.38
Market Cap
84.3M
Average Volume 10 Days
173.2K
EPS TTM
C$0.10
Shares Outstanding
43.0M
EX-Date
03/16/11
P/E TM
19.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for IMVESCOR RESTAURANT GROUP IN (IRG)

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imvescor restaurant group in (IRG) Details

Imvescor Restaurant Group Inc. operates franchised and corporate restaurants in Canada. The company’s franchise network operates in the family/mid-scale segment under the Pizza Delight brand in Atlantic Canada; family and casual dining, take-out, and delivery segments under the Mikes and Scores brands primarily in Quebec; and casual dining segment under the Baton Rouge brand in Quebec and Ontario. As of October 27, 2013, it operated 240 restaurants in Atlantic Canada, Quebec, Ontario, and Alberta. Imvescor Restaurant Group Inc. is headquartered in Moncton, Canada.

420 Employees
Last Reported Date: 01/24/14

imvescor restaurant group in (IRG) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$113.7K
Chief Compliance Officer of Pizza Delight and...
Total Annual Compensation: C$165.1K
Chief Information Officer
Total Annual Compensation: C$200.0K
Vice President of Operations -Scores
Total Annual Compensation: C$139.8K
Consultant
Total Annual Compensation: C$253.1K
Compensation as of Fiscal Year 2013.

imvescor restaurant group in (IRG) Key Developments

Imvescor Restaurant Group Inc. Announces Management Changes

Imvescor Restaurant Group Inc. announced that Mr. Denis Richard has resigned as President and Chief Executive Officer and as a director of the company, effective July 17, 2014, to pursue other opportunities. Mr. Richard will continue to assist the special committee of the Board of Directors of the company in its ongoing review of strategic alternatives announced previously and will do so in a consulting capacity. Mr. Yves Devin, the company's Chief Operating Officer, will continue to lead the company through the execution of its business plan until the appointment of Mr. Richard's successor.

Imvescor Restaurant Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 27, 2014

Imvescor Restaurant Group Inc. reported earnings results for the second quarter and six months ended April 27, 2014. For the quarter, the company reported total revenues of $12,034,000 as compared to $11,509,000 for the same period a year ago. The company's total revenues increase is primarily attributable to the increase of the sale of manufactured goods. Adjusted EBITDA was $3,780,000 compared to $3,652,000 a year ago. Net earnings were $2,139,000 compared to $720,000 for the same period a year ago. Adjusted net earnings were $1,688,000 as compared to $1,370,000 for the same period a year ago. EBITDA was $3,680,000 as compared to $2,642,000 for the same period a year ago. Same store sales for the quarter ended April 27, 2014 were 1.9% lower than those of the quarter ended April 28, 2013. The same store sales decrease of 1.9% for the second quarter of 2014 was an improvement for the four brands from the same store sales decrease of 3.6% in the first quarter of 2014. For the six months, the company reported total revenues of $24,465,000 as compared to $21,706,000 for the same period a year ago. Adjusted EBITDA was $8,532,000 compared to $7,734,000 a year ago. Net earnings were $4,936,000 compared to $1,731,000 for the same period a year ago. EBITDA was $8,432,000 as compared to $5,681,000 for the same period a year ago. Adjusted EBITDA for the first half of 2014 represents an increase of $798,000 from the first half of 2013. This increase is primarily attributable to the increase in retail royalties in the first quarter of 2014. Same store sales for the six months ended April 27, 2014 were 2.7% lower than those of the six months ended April 28, 2013. Same store sales on a year-to-date basis have been impacted by adverse weather conditions experienced in the first quarter of 2014 by Atlantic Canada, Quebec and some parts of Ontario, which resulted in major declines in traffic count to the restaurants.

Imvescor Restaurant Group Appoints Yves Devin as Chief Operating Officer

Imvescor Restaurant Group Inc. announced that its Board of Directors has formed a special committee to review strategic alternatives and make recommendations to the Board on value enhancement. In connection with the review process being undertaken, the company also announced that Yves Devin has been appointed Chief Operating Officer of the company. From 2006 to 2012, Mr. Devin was Chief Executive Officer of the Société de Transport de Montréal.

 

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