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Last C$1.68 CAD
Change Today -0.04 / -2.33%
Volume 20.5K
IRG On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

imvescor restaurant group in (IRG) Snapshot

Open
C$1.69
Previous Close
C$1.72
Day High
C$1.78
Day Low
C$1.68
52 Week High
05/7/14 - C$2.60
52 Week Low
10/23/14 - C$1.42
Market Cap
80.8M
Average Volume 10 Days
174.8K
EPS TTM
C$0.16
Shares Outstanding
48.1M
EX-Date
03/18/15
P/E TM
10.4x
Dividend
C$0.08
Dividend Yield
3.57%
Current Stock Chart for IMVESCOR RESTAURANT GROUP IN (IRG)

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imvescor restaurant group in (IRG) Details

Imvescor Restaurant Group Inc., a franchise and licensing company, operates franchised and corporate restaurants under the Pizza Delight, Mikes, Scores, and Bâton Rouge brands in Eastern Canada. It operates Pizza Delight restaurants in the family/mid-scale segment primarily in Atlantic Canada; Mikes and Scores restaurants primarily in Québec in the family and casual dining segments and the take-out and delivery segments; and Bâton Rouge restaurants in Québec, Ontario, and Nova Scotia in the casual dining segment. The company also manufactures and sells vegetarian branded food products, including soups, sauces, stews, and frozen meals in grocery stores and retail outlets under the Commensal brand, as well as licenses to third parties the right to manufacture and sell licensed retail products. It operates 232 franchised restaurants. Imvescor Restaurant Group Inc. is headquartered in Moncton, Canada.

252 Employees
Last Reported Date: 01/20/15

imvescor restaurant group in (IRG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$53.8K
Brand Leader of Bâton Rouge
Total Annual Compensation: C$223.7K
Brand Leader of Mikes
Total Annual Compensation: C$219.7K
Brand Leader of Pizza Delight
Total Annual Compensation: C$197.0K
Compensation as of Fiscal Year 2014.

imvescor restaurant group in (IRG) Key Developments

Imvescor Restaurant Plans Acquisitions

Imvescor Restaurant Group Inc. (TSX:IRG) will consider potential acquisition opportunities. It will unveil a strategic plan that charts a road map for the company's transformation and growth over the next three years. The key objectives of the strategic plan are as follows: Same Restaurant Sales growth; improve franchisee profitability; enhance and leverage shared services; and improve shareholder returns. Imvescor is building on its strengths, including a dedicated franchisee network, a solid balance sheet, an experienced and focused management team, a robust regional position for each of its brands and a healthy retail presence, while being well positioned to consider potential acquisition opportunities.

Imvescor Restaurant Group Inc. Proposes Amendment of the Articles of the Corporation

Imvescor Restaurant Group Inc. has proposed amendment of the articles of the Corporation to change the province in Canada where the Corporation's registered office is to be situated from New Brunswick to Québec to the AGM to be held on April 15, 2015.

Imvescor Restaurant Group Inc. Reports Earnings Results for the First Quarter Ended January 25, 2015; Announces Board Changes; Declares Dividend, Payable on April 7, 2015

Imvescor Restaurant Group Inc. announced the appointment of Mr. Francois-Xavier Seigneur as Chair of the Board of Directors, effective immediately. Also effective as of the date hereof, Mr. Pierre A. Raymond will succeed to Mr. Seigneur as Chair of the Corporate Governance, Human Resources and Compensation Committee of Imvescor and will be joined on the CGHRC Committee by Mr. Patrick H. Sugrue. Mr. Seigneur will remain a member of the CGHRC Committee. The Board declared a dividend of $0.02 per common share. The dividend will be paid on April 7, 2015 to shareholders of record as at the close of business on March 20, 2015 and is designated as an 'eligible dividend' for Canadian tax purposes. The company reported earnings results for the first quarter ended January 25, 2015. For the quarter, the company reported total revenue of $11,200,000 against $12,431,000 a year ago. Results from operating activities were $2,639,000 against $4,521,000 a year ago. Operating EBITDA was $3,253,000 against $4,079,000 a year ago. The company's Operating EBITDA decreased compared to the first quarter of fiscal 2014, to $3.3 million, due mainly to lower retail royalties of $0.7 million resulting from a onetime promotional event at one grocery customer, in first quarter of 2014, to support the launch of Baton Rouge ribs. Free cash flow for First Quarter 2015 was $3.6 million, compared to $4.7 million for First Quarter 2014, a decrease of $1.1 million or 24%, primarily due to the decrease in net earnings. Net earnings and comprehensive income was $1,576,000 or $0.03 per diluted share against $2,797,000 or $0.05 per diluted share a year ago. Free cash flow was $3,612,000 against $4,740,000 a year ago.

 

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Valuation IRG Industry Range
Price/Earnings 19.4x
Price/Sales 1.6x
Price/Book 1.1x
Price/Cash Flow 14.7x
TEV/Sales 0.9x
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