Logotype for A&W Revenue Royalties Income Fund

A&W Revenue Royalties Income Fund (AW-UN) investor relations material

A&W Revenue Royalties Income Fund Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for A&W Revenue Royalties Income Fund
Q3 2024 earnings summary15 Oct, 2024

Executive summary

  • Food Services will acquire all Fund units, forming a new publicly traded company effective after October 17, 2024, with shares trading on TSX as AW from October 18, 2024.

  • Unitholders approved the transaction with 99.2% in favor; Ontario Supreme Court of Justice issued final approval.

  • Royalty income rose 0.3% in Q3 2024 and 0.9% year to date compared to 2023, driven by 10 net new restaurants added to the Royalty Pool in January 2024.

  • 19 new restaurants opened in the first three quarters of 2024, with 20 more under construction, signaling expansion momentum.

  • This is the final reporting period for the Income Fund; future updates will be under the new company structure.

Financial highlights

  • Q3 2024 royalty income was CAD 13.74M on gross sales of CAD 458.1M, up from CAD 13.71M and CAD 456.8M in Q3 2023.

  • Distributable cash in Q3 2024 was CAD 9.0M, down from CAD 11.1M in Q3 2023, mainly due to CAD 2.5M in non-recurring transaction costs.

  • Excluding transaction costs, distributable cash in Q3 2024 would have been CAD 11.5M, slightly above Q3 2023.

  • Q3 2024 net income was CAD 9.53M, down from CAD 10.64M in Q3 2023.

  • Three monthly distributions totaling CAD 0.48 per unit were declared in Q3 2024, unchanged from Q3 2023.

Outlook and guidance

  • Focus on enhancing value and affordability to address consumer sensitivity amid inflation and economic uncertainty.

  • Continued emphasis on product innovation, with successful launches like the Masala veggie burger and Piri Piri lineup.

  • Nationwide marketing campaigns planned for new initiatives.

  • Pret A Manger rollout in Canada progressing, with franchisee interest and standalone concept testing underway.

  • Food Services expects to exceed the annual number of new restaurant openings compared to post-pandemic years.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

A&W Revenue Royalties Income Fund owns the A&W trademarks used by A&W Food Services of Canada Inc. in operating quick-service restaurants. The fund earns revenue based on a percentage of gross sales from franchised and corporate restaurants. The company is headquartered in North Vancouver, Canada, and its shares are listed on the TSX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage