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A & W Food Services of Canada (AW) investor relations material

A & W Food Services of Canada Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for A & W Food Services of Canada Inc
Q2 2025 earnings summary24 Jul, 2025

Executive summary

  • Achieved 3.4% system sales growth and 1.6% same store sales growth in Q2 2025, with revenue up 7% to $68.8M, driven by new restaurant openings, value promotions, and a new loyalty program.

  • Adjusted EBITDA rose 18% to $25.5M, with margin improving to 37.1% from 33.4% year-over-year.

  • Strategic initiatives included a $4.99 Teen Burger promotion, digital guest experience enhancements, and the launch of A&W Rewards, boosting guest counts and app usage.

  • Expansion focus remains on Ontario and Quebec, with 13 restaurants under construction and Pret a Manger locations in development.

  • Franchisee profitability targeted for a 30% increase over five years, with ongoing implementation of the five star operating system across 800+ restaurants.

Financial highlights

  • Q2 2025 system sales reached $452.3M, up $15M year-over-year; same store sales grew 1.6%.

  • Year-to-date system sales rose 2.7% to $849.2M, with total revenue up 6% to $129.9M and adjusted EBITDA up 10% to $44.9M.

  • Operating costs increased 11% to $36M, mainly due to higher marketing expenses and new turnkey restaurant costs.

  • General and administrative expenses decreased 4% to $11.1M, reflecting the absence of the biennial national convention.

  • Net income increased to $12.5M in Q2 2025, with net income per diluted share at $0.50, impacted by a higher share count.

Outlook and guidance

  • Fiscal 2025 guidance maintained: Adjusted EBITDA expected between $96M–$101M, system sales growth of 1.5%–4.5%, and same store sales growth of 0.0%–3.0%.

  • Total restaurants projected to reach 1,085–1,100 by year-end 2025, with continued focus on sales growth, unit expansion, and digital initiatives.

  • Emphasis on menu innovation, new restaurant growth, and partnerships to drive sustained growth.

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Q3 202517 Oct, 2025
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Frequently asked questions

A & W Food Services of Canada Inc is a Canada-based company engaged in the franchising and operation of quick-service restaurants under the A&W brand. The company offers a menu that includes burgers, chicken, breakfast items, beverages, and sides, with a focus on sourcing ingredients from Canadian producers. A&W restaurants are operated through a network of franchised and corporate-owned locations across the country. A & W Food Services of Canada Inc is headquartered in North Vancouver, British Columbia, and its shares are listed on the TSX.

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