)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Boston Pizza Royalties Income Fund
Boston Pizza Royalties Income Fund (BPF.UN) investor relations material
Boston Pizza Royalties Income Fund Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary9 Nov, 2026
Executive summary
Record Q3 Franchise Sales of CAD 257.5M, up 3.4% YoY; Same Restaurant Sales (SRS) rose 3.9%, marking an eighth consecutive quarter of positive results.
YTD Distributable Cash increased 1.7% to CAD 24.2M; Q3 net and comprehensive income fell to CAD 0.7M, primarily due to higher fair-value losses.
Financial highlights
Total revenue was CAD 13.7M in Q3 and CAD 40.0M YTD, versus CAD 13.2M and CAD 38.9M in 2025.
Royalty income was CAD 10.3M in Q3 and CAD 30.1M YTD; distribution income was CAD 3.4M and CAD 9.9M, respectively.
Net and comprehensive income was CAD 0.7M in Q3 versus CAD 10.4M in 2025; YTD income was CAD 18.8M versus CAD 31.1M, mainly reflecting a CAD 13.0M increase in fair-value loss.
Operating cash flow increased 1.3% to CAD 10.7M in Q3 and 3.1% to CAD 30.7M YTD.
Distributable Cash was CAD 8.4M in Q3, down 0.9%, and CAD 24.2M YTD, up 1.7%; per Unit was CAD 0.396 and CAD 1.137, respectively.
Outlook and guidance
Management expects positive sales momentum through the rest of 2026, supported by brand strength, supply-chain resilience, franchisee profitability, traffic and guest loyalty.
A refreshed main menu and holiday feature menu, plus a CAD 10 promo card with CAD 50 gift card purchases in most regions, support guest experience and sales momentum.
Trustees will monitor cash balances and distribution levels to support stable, sustainable distributions.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Boston Pizza Royalties Income Fund
- Record franchise sales and higher distributable cash offset lower net income from fair value losses.BPF.UN
Q2 2026 - Trustees elected, auditors reappointed, and quorum requirements reduced by special resolution.BPF.UNAGM 2026
- Q1 2026 saw 3.1% sales growth, higher net income, and a 3.3% distribution increase.BPF.UNQ1 2026
- Record franchise sales and higher income led to a special distribution and robust outlook.BPF.UNQ4 2025
- Record sales and income growth drove higher distributions and improved payout ratios.BPF.UNQ3 2025
- Net income rose in Q3 2024 despite flat sales and persistent industry headwinds.BPF.UNQ3 2024
- Franchise sales rose, but net income and distributable cash per unit declined amid industry headwinds.BPF.UNQ2 2024
- Trustees re-elected and governance declaration updated following successful votes.BPF.UNAGM 2024
- Record franchise sales and higher distributions achieved despite economic and trade risks.BPF.UNQ4 2024
Next Boston Pizza Royalties Income Fund earnings date
Q4 202612 Feb, 2027
Boston Pizza Royalties Income Fund
Next Boston Pizza Royalties Income Fund earnings date
Q4 202612 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Boston Pizza Royalties Income Fund is a Canadian income trust that earns revenue through royalties based on the sales of Boston Pizza restaurants in Canada. The fund receives income from franchised restaurant operations and distributes it to unitholders. It does not operate the restaurants directly. Boston Pizza Royalties Income Fund is headquartered in Richmond, Canada, and its shares are listed on the TSX.