Last C$2.98 CAD
Change Today +0.13 / 4.56%
Volume 8.4K
SCU On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:45 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

second cup ltd/the (SCU) Snapshot

Open
C$2.86
Previous Close
C$2.85
Day High
C$2.98
Day Low
C$2.86
52 Week High
02/11/14 - C$5.50
52 Week Low
10/15/14 - C$2.62
Market Cap
29.5M
Average Volume 10 Days
9.5K
EPS TTM
C$0.40
Shares Outstanding
9.9M
EX-Date
08/13/14
P/E TM
7.5x
Dividend
--
Dividend Yield
8.56%
Current Stock Chart for SECOND CUP LTD/THE (SCU)

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second cup ltd/the (SCU) Details

The Second Cup Ltd. owns, operates, and franchises specialty coffee cafes under the Second Cup name in Canada. The company is also involved in the retail sale of specialty coffee products. Its Second Cup cafes offer a selection of brewed specialty coffees, hot and cold espresso-based beverages, blender drinks, specialty teas, and hot chocolates for in-store, take-out, and drive-thru consumption. In addition, the company’s cafes provide various complementary products, such as pastries, muffins, cookies, coffee accessories, and coffee-related gift items, as well as sandwiches. As of October 17, 2014, it operated approximately 350 cafés. The Second Cup Ltd. was founded in 1975 and is headquartered in Mississauga, Canada.

Founded in 1975

second cup ltd/the (SCU) Top Compensated Officers

Chief Financial Officer and Vice President of...
Total Annual Compensation: C$60.6K
Vice President of Operations
Total Annual Compensation: C$178.5K
Vice-President of Franchise Development
Total Annual Compensation: C$190.0K
Compensation as of Fiscal Year 2013.

second cup ltd/the (SCU) Key Developments

Second Cup to Acquire 17 Franchised Cafés; Announces Executive Appointments

The Second Cup Ltd. announced the acquisition of 17 Second Cup cafés concentrated in prime Toronto area locations. The acquisition of the cafés is expected to close on November 6, 2014. The cafés are currently owned by long-standing franchisees, Debbie Riche and Bob Riche, who will be joining the Second Cup team as Director of Operations, Corporate Cafés and General Manager, Corporate Cafés, respectively. The Riches have more than 20 years of experience as outstanding operators. They will continue to manage the acquired cafés, as well as additional company-owned locations.

Second Cup Suspends Quarterly Dividend

The Second Cup Ltd. has suspended its quarterly dividend as part of a plan to refocus on growing the business. The suspension of the dividend comes as the company considers "attractive opportunities to invest capital.

The Second Cup Ltd Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

The Second Cup Ltd. announced unaudited earnings results for the second quarter and six months ended June 28, 2014. The company's total revenues for the quarter were CAD 6,498,000 against CAD 6,636,000 a year ago and consisted of royalty revenue, revenue from sale of goods, and services revenue. Adjusted EBITDA for the Quarter was CAD 1,516,000 against CAD 2,122,000 a year ago. The decrease of CAD 606 in adjusted EBITDA was primarily due to reduced revenue, higher cost of goods sold, and higher operating expenses. The company's net loss for the quarter was CAD 390,000 or CAD 0.04 loss per share, compared to a loss of CAD 10,152,000 or CAD 1.03 loss per share in 2013. The reduced loss of CAD 9,762,000 or CAD 0.99 per share was mainly due to the impairment charges. Operating loss was CAD 388,000. Adjusted basic and diluted earnings per share of CAD 0.08 compared to CAD 0.14 a year ago. Adjusted earnings were CAD 791,000 against CAD 1,345,000 for the same period a year ago. The company's total revenues for the year to date period were CAD 14,110,000 against CAD 12,882,000 a year ago. Adjusted EBITDA for the year to date period was CAD 2,457,000 against CAD 3,456,000 a year ago. The decrease of CAD 999 in adjusted EBITDA was primarily due to the retail listing fees. The company's net loss for the year to date was CAD 334,000 or CAD 0.03 loss per share, compared to a loss of CAD 9,464,000 or CAD 0.96 loss per share in 2013. The reduced net loss of CAD 9,130,000 or CAD 0.93 per share was mainly due to the impairment charges incurred in the prior year to date period and by the margin realized in the current year to date period pertaining to the wholesaling of coffee in the grocery channel. This was offset by reduced revenue, restructuring charges, and retail listing fees incurred in the current year to date. Adjusted earnings were CAD 1,257,000 against CAD 2,033,000 for the same period a year ago. Adjusted basic and diluted earnings per share were CAD 0.13 against CAD 0.21 a year ago. Operating loss was CAD 11,401,000.

 

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SCU

Industry Average

Valuation SCU Industry Range
Price/Earnings 15.2x
Price/Sales 0.9x
Price/Book 0.6x
Price/Cash Flow 9.0x
TEV/Sales 0.4x
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