Boston Pizza Royalties Income Fund Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Boston Pizza Royalties Income Fund (TSE:BPF.UN) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$12.8m (up 4.4% from 3Q 2022).
• Net income: CA$4.89m (down 49% from 3Q 2022).
• Profit margin: 38% (down from 78% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: CA$0.23 (down from CA$0.44 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Boston Pizza Royalties Income Fund Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Boston Pizza Royalties Income Fund you should know about.

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