Announcement • Jul 02
A & W Food Services of Canada Inc. to Report Q2, 2026 Results on Jul 23, 2026 A & W Food Services of Canada Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 23, 2026 Announcement • Jun 27
A & W Food Services of Canada Inc. Appoints Corinne Hua as Chief Corporate & People Development Officer as of July 6, 2026 A&W Food Services of Canada Inc. announced that Corinne Hua was appointed to the newly created position of Chief Corporate & People Development Officer as of July 6, 2026, reporting to CEO Susan Senecal. Corinne has held senior roles at several Canadian companies, including leadership in strategic planning, finance, and leveraging technology. Most recently, Corinne was the CFO of Thinkific, an AI-native learning commerce platform built to sell and scale training programs. In this new role, Corinne will take on executive leadership of People Potential as well as other key growth areas. She will work closely with Nancy over the next several months to ensure a smooth transition. Announcement • Jun 15
A&W Canada Announces Return of Root Beer Float A&W Canada announced the return of its iconic Root Beer Float for a limited time to kick off the hot summer season. The A&W Root Beer Float is described as nostalgia in a frosty mug for generations of Canadians. The combination of velvety, creamy vanilla ice cream paired with fizzy, crisp, ice-cold A&W Root Beer captured many Canadians' sweet summer memories, which earned it a cult status. At the heart of it all is A&W Root Beer, Canada's favourite Root Beer. The secret recipe has long been loved for its bold, refreshing flavour, signature creamy finish, and unmistakable bite of spice that sets it apart from the rest. A&W is bringing back the iconic Root Beer Float for a limited time, inviting Canadians to experience the return of a beloved treat. Declared Dividend • Jun 04
First quarter dividend of CA$0.48 announced Dividend of CA$0.48 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (68% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 5.4% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 01
A&W Food Services of Canada Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2026 A&W Food Services of Canada Inc. announced that its Board of Directors has declared a quarterly dividend of $0.480 per share. The dividend will be payable in cash on June 30, 2026 to holders of common shares of record on June 15, 2026. The dividend will be taxed as an eligible dividend. Announcement • May 22
A&W Food Services Of Canada Inc Launches Smash Burger Nationwide A&W Food Services of Canada Inc. officially launched the first-ever A&W Smash Burger nationwide on May 25th. A&W is searing juicy grass-fed beef patties to bring A&W's smashed answer to this popular burger style. For a limited time, Canadians can smash either a single or a double, loaded with melted cheddar cheese, tangy pickles, sliced onions and a secret sauce, all served on a toasted brioche bun. A&W is the first Canadian QSR to introduce a smash burger to its menu nationwide. A&W is welcoming Torontonians to an exclusive first taste of their new smash burger. Canadians can head to their local A&W or order a Double or Single Smash Burger through the mobile app beginning May 25th, for a limited time. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CA$0.40 (up from CA$0.37 in 1Q 2025). Revenue: CA$59.4m (down 2.9% from 1Q 2025). Net income: CA$9.53m (up 7.2% from 1Q 2025). Profit margin: 16% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Hospitality industry in Canada. Announcement • Apr 16
A & W Food Services of Canada Inc. to Report Q1, 2026 Results on May 07, 2026 A & W Food Services of Canada Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Declared Dividend • Mar 08
Fourth quarter dividend of CA$0.48 announced Dividend of CA$0.48 is the same as last year. Ex-date: 16th March 2026 Payment date: 31st March 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. EPS is expected to grow by 8.5% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Net income: (down CA$11.9m from profit in FY 2024). New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Announcement • Feb 17
A & W Food Services of Canada Inc., Annual General Meeting, May 06, 2026 A & W Food Services of Canada Inc., Annual General Meeting, May 06, 2026. Announcement • Feb 11
A & W Food Services of Canada Inc. to Report Q4, 2025 Results on Mar 05, 2026 A & W Food Services of Canada Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 05, 2026 Announcement • Jan 10
A&W Food Services of Canada Inc. Appoints Brent Todd as Chief Operating Officer, Effective March 2, 2026 A&W Food Services of Canada Inc. has named Brent Todd as Chief Operating Officer, effective March 2, 2026. Following the retirement of long-time Vice President, Restaurants Neil Farmer, Brent Todd will take on the newly created position of Chief Operating Officer as of March 2, 2026. Brent Todd is one of A&W's most successful leaders, with over 20 years of experience with A&W. This promotion will see Brent take on leadership of Operations as well as Purchasing & Distribution, supported by a very talented team. New Risk • Dec 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$193k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Paying a dividend despite having no free cash flows. Minor Risk Significant insider selling over the past 3 months (CA$193k sold). Declared Dividend • Dec 03
Third quarter dividend of CA$0.48 announced Shareholders will receive a dividend of CA$0.48. Ex-date: 15th December 2025 Payment date: 24th December 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Dec 02
A&W Food Services of Canada Inc. Declares Quarterly Cash Dividend, Payable on December 24, 2025 A&W Food Services of Canada Inc. announced that its Board of Directors has declared a quarterly dividend of $0.480 per share. The dividend will be payable in cash on December 24, 2025 to holders of common shares of record on December 15, 2025. Recent Insider Transactions • Oct 26
Insider recently sold CA$193k worth of stock On the 23rd of October, Brent Todd sold around 5k shares on-market at roughly CA$38.50 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$285k more than they sold in the last 12 months. Announcement • Oct 17
A & W Food Services of Canada Inc. Provides Earnings Guidance for the Fiscal Year 2025 A & W Food Services of Canada Inc. provided earnings guidance for the fiscal year 2025. For the period, the company's annual System Sales Growth(i) of 1.5% - 4.5% (0.8% in Fiscal 2024); and annual Same Store Sales Growth(i) of 0.0% - 3.0% (-0.6% in Fiscal 2024). Announcement • Oct 10
A & W Food Services of Canada Inc. to Report Q3, 2025 Results on Oct 17, 2025 A & W Food Services of Canada Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 17, 2025 Announcement • Sep 24
A&W Canada Introduces A New Plant-Based Burger Across the Country A&W Canada is excited to introduce a new plant-based burger across the country. Developed by A&W's innovation kitchen, the A&W Plant-Based Burger is the newest vegetarian offering available for Canadians. A&W has become Canadian's go-to spot to satisfy the craving for a tasty vegetarian burger. This new addition reflects A&W's continued commitment to offering delicious vegetarian products for Canadians. The new A&W Plant- Based Burger's patty is topped with crisp lettuce, red onion, tomato, pickles, ketchup, mustard and mayonna, served on a freshly toasted sesame seed bun. This new addition complements A&W's growing range of permanent vegetarian menu options, which includes the popular Masala Veggie Burger, Crispy Veggie Burger and Spicy Piri-Piri Potato Buddy Burger. Upcoming Dividend • Sep 08
Upcoming dividend of CA$0.48 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 29 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.0%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.0%). Announcement • Sep 03
A & W Food Services of Canada Inc. announces Quarterly dividend, payable on September 29, 2025 A & W Food Services of Canada Inc. announced Quarterly dividend of CAD 0.4800 per share payable on September 29, 2025, ex-date on September 15, 2025 and record date on September 15, 2025. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: CA$0.51. Revenue: CA$68.8m (up 6.9% from 2Q 2024). Net income: CA$12.1m (up 119% from 2Q 2024). Profit margin: 18% (up from 8.6% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Hospitality industry in Canada. Announcement • Jul 25
A & W Food Services of Canada Inc. Reaffirms Earnings Guidance for the Fiscal year 2025 A & W Food Services of Canada Inc. reaffirmed earnings guidance for the fiscal year 2025. For the period, the company expects annual System Sales Growth(i) of 1.5% - 4.5% (0.8% in Fiscal 2024); and annual Same Store Sales Growth(i) of 0.0% - 3.0% (-0.6% in Fiscal 2024). New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings have declined by 7.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risks High level of debt (146% net debt to equity). Paying a dividend despite having no free cash flows. Announcement • Jul 18
A&W Food Services of Canada Inc. Appoints Darin Harris as an Additional Director, Effective August 15, 2025 A&W Food Services of Canada Inc. announced the appointment of Darin Harris as an additional Director, effective August 15, 2025. Mr. Harris brings a wealth of experience to A&W and is currently the Chief Executive Officer of Goddard Systems, LLC, a franchise network of more than 640 franchised private childcare and early childhood education centers across the USA. Prior to taking the leadership role at Goddard, Mr. Harris served as Chief Executive Officer of Jack in the Box Inc. Prior to that, Mr. Harris served as the Chief Executive Officer of Del Taco Restaurants Inc. following its acquisition by Jack in the Box in March 2022. Mr. Harris also previously held the Chief Executive Officer role at Cici's Pizza, as well as at shared workspace provider IWG, which runs Regus and Spaces. Past leadership roles also include those held at Arby's Restaurant Group Inc., Captain D's Seafood, Inc, and Pizza Hut. Mr. Harris is currently a Director of Hasbro and previously served on the boards of Jack in the Box, Goddard School Systems, LLC, and Shipley's Donuts. Mr. Harris has more than 25 years of leadership experience encompassing brand strategy, operations, franchise and real estate development, international and financial oversight, restaurant industry experience and M&A. Mr. Harris holds an MBA from Xavier University and he resides in the USA. Announcement • Jul 17
A & W Food Services of Canada Inc. to Report Q2, 2025 Results on Jul 24, 2025 A & W Food Services of Canada Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 24, 2025 New Risk • Jun 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$365k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risks High level of debt (146% net debt to equity). Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (CA$365k sold). Recent Insider Transactions • Jun 09
Insider recently sold CA$365k worth of stock On the 2nd of June, Brent Todd sold around 11k shares on-market at roughly CA$34.20 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$111k more than they sold in the last 12 months. Upcoming Dividend • Jun 06
Upcoming dividend of CA$0.48 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (3.6%). Announcement • Jun 03
A&W Food Services of Canada Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2025 A&W Food Services of Canada Inc. announced that its Board of Directors has declared a quarterly dividend of $0.480 per share. The dividend will be payable in cash on June 30, 2025 to holders of common shares of record on June 13, 2025. The dividend will be taxed as an eligible dividend. Announcement • May 12
A&W Food Services of Canada Inc. Introduces the Steakhouse Teen Burger A&W is introducing a new limited-time offer you won't want to miss: meet the new Steakhouse Teen Burger. Crafted with a mouthwatering sweet and savoury twist, this new recipe creates a bold experience for all Teen Burger lovers. This irresistible steakhouse-inspired burger also comes in its equally tasty side kick, the Steakhouse Buddy Burger, for just $4.99. Introducing a Steakhouse Twist to the Teen Burger: enjoy the sweet and smoky notes of bacon jam, the rich creaminess of peppercorn aioli, and the fresh bite of arugula, all working in harmony with the Teen Burger's classic ingredients: real cheddar cheese, fresh tomatoes, and of course, A&W's juicy grass-fed beef raised without hormones or steroids. A winning Teen! A&W explored over 50 recipes of the A&W classic, such as the Everything Bagel Teen Burger, Cacio ePe Teen Burger, and even a Chocolate Teen Burger. These ideas were shared with over 700 Canadian burger lovers where the recipes were ranked by craveability. The Steakhouse Teen Burger emerged as the top craveable recipe by burger lovers. The A&W Menu Development team worked on bringing this winning recipe to life by sourcing the quality ingredients that would embody steakhouse flavors. New Risk • May 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.6% net profit margin). New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks High level of debt (143% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.6% net profit margin). Reported Earnings • May 04
First quarter 2025 earnings released: EPS: CA$0.39 (vs CA$1.52 in 1Q 2024) First quarter 2025 results: EPS: CA$0.39. Revenue: CA$61.1m (up 4.0% from 1Q 2024). Net income: CA$9.26m (up 27% from 1Q 2024). Profit margin: 15% (up from 12% in 1Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Hospitality industry in Canada. Announcement • Apr 25
A & W Food Services of Canada Inc. to Report Q1, 2025 Results on May 02, 2025 A & W Food Services of Canada Inc. announced that they will report Q1, 2025 results Pre-Market on May 02, 2025 Board Change • Mar 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Kevin Mahoney was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 23
Vice President of Marketing recently sold CA$207k worth of stock On the 17th of March, Tom Newitt sold around 7k shares on-market at roughly CA$31.61 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$752k more than they bought in the last 12 months. Recent Insider Transactions • Mar 14
Director recently bought CA$118k worth of stock On the 10th of March, David Mindell bought around 4k shares on-market at roughly CA$32.90 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$545k more in shares than they bought in the last 12 months. New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks High level of debt (143% net debt to equity). Profit margins are more than 30% lower than last year (4.1% net profit margin). Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: CA$0.95 (vs CA$7.70 in FY 2023) Full year 2024 results: EPS: CA$0.95 (down from CA$7.70 in FY 2023). Revenue: CA$292.3m (down 2.3% from FY 2023). Net income: CA$11.9m (down 68% from FY 2023). Profit margin: 4.1% (down from 12% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Hospitality industry in Canada. Announcement • Mar 06
A & W Food Services of Canada Inc. Declares Quarterly Dividend, Payable on March 28, 2025 A & W Food Services of Canada Inc. announced that its Board of Directors has declared a quarterly dividend of $0.480 per share. The dividend will be payable in cash on March 28, 2025 to holders of common shares of record on March 14, 2025. The dividend will be taxed as an eligible dividend. Announcement • Feb 24
A & W Food Services of Canada Inc., Annual General Meeting, May 01, 2025 A & W Food Services of Canada Inc., Annual General Meeting, May 01, 2025. Location: ontario, toronto Canada Announcement • Dec 05
A & W Food Services of Canada Inc. Declares Quarterly Dividend, Payable on December 27, 2024 A & W Food Services of Canada Inc. announced that its Board of Directors has declared a quarterly dividend of $0.3748 per share. The dividend will be payable in cash on December 27, 2024 to holders of common shares of record on December 15, 2024. The dividend will be taxed as an eligible dividend. Recent Insider Transactions • Dec 04
Insider recently sold CA$111k worth of stock On the 29th of November, Robert Fussey sold around 3k shares on-market at roughly CA$36.99 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Director Eric Berke was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
