Brief: Second Cup Same Store Sales Were Down 2.9%

Aegis Brands

08/11/2019 11:07

Nov 8 (Reuters) - Second Cup Ltd  SCU.TO :
    * SECOND CUP REPORTS THIRD QUARTER RESULTS AND DETAILS OF
STRATEGIC INITIATIVES FOR GROWTH
    * SECOND CUP- SAME STORE SALES WERE DOWN 2.9% COMPARED TO
FLAT
(0.0%) IN Q2 2019
    * SECOND CUP LTD - Q1 OF 2020 WILL SEE OPENING OF TWO NEW
CANNABIS
RETAIL STORES IN CALGARY
    * SECOND CUP LTD - ADJUSTED NET LOSS WAS $62,000 OR $0.0 PER
SHARE
IN QUARTER
    * SECOND CUP LTD - WILL CONTINUE TO EVALUATE BEST
OPPORTUNITIES
FOR ALL REAL ESTATE UNDER LEASE
    * SECOND CUP LTD QTRLY ADJUSTED NET LOSS $0.0 PER SHARE
    * SECOND CUP- RESTRUCTURING NECESSARY FOR THE FUTURE AS WELL
AS
SLOWER-THAN-EXPECTED SAME STORE SALES NEGATIVELY AFFECTED THE
OPERATING RESULTS OF QUARTER

Source text for Eikon:  ID:nCNWjSVtKa 
Further company coverage:  SCU.TO 

 ((Reuters.Briefs@thomsonreuters.com;))