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Last C$3.89 CAD
Change Today 0.00 / 0.00%
Volume 2.1K
SCU On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

second cup ltd/the (SCU) Snapshot

Open
C$3.86
Previous Close
C$3.89
Day High
C$3.90
Day Low
C$3.85
52 Week High
03/31/14 - C$5.12
52 Week Low
11/6/14 - C$2.45
Market Cap
49.9M
Average Volume 10 Days
8.4K
EPS TTM
C$0.03
Shares Outstanding
12.8M
EX-Date
08/13/14
P/E TM
129.7x
Dividend
--
Dividend Yield
4.37%
Current Stock Chart for SECOND CUP LTD/THE (SCU)

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second cup ltd/the (SCU) Details

The Second Cup Ltd. owns, operates, and franchises specialty coffee cafes under the Second Cup name in Canada. The company is also involved in the retail sale of specialty coffee products. Its Second Cup cafes offer a selection of brewed specialty coffees, hot and cold espresso-based beverages, blender drinks, specialty teas, and hot chocolates for in-store, take-out, and drive-thru consumption. In addition, the company’s cafes provide various complementary products, such as pastries, muffins, cookies, coffee accessories, and coffee-related gift items, as well as sandwiches. As of October 17, 2014, it operated approximately 350 cafés. The Second Cup Ltd. was founded in 1975 and is headquartered in Mississauga, Canada.

Founded in 1975

second cup ltd/the (SCU) Top Compensated Officers

Vice President of Operations
Total Annual Compensation: C$178.5K
Vice-President of Franchise Development
Total Annual Compensation: C$190.0K
Compensation as of Fiscal Year 2013.

second cup ltd/the (SCU) Key Developments

The Second Cup Ltd Announces Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2014

The Second Cup Ltd. announced earnings results for the fourth quarter and full year ended December 27, 2014. For the quarter, the company reported system sales of cafés of CAD 49,427,000 against CAD 51,898,000 a year ago. Total revenue was CAD 8,427,000 against CAD 8,038,000 a year ago. Operating loss was CAD 521,000 against income of CAD 1,891,000 a year ago. Adjusted EBITDA was CAD 1,068,000 against CAD 3,345,000 a year ago. Net loss and comprehensive loss was CAD 469,000 or CAD 0.04 per basic and diluted share or CAD 0.03 per basic and diluted share against income of CAD 1,177,000 or CAD 0.12 per basic and diluted share or CAD 0.22 per basic and diluted share a year ago. The decrease of CAD 2,277 was caused mainly by a reduction in royalty revenue, as well as operational provisions. The decrease in net income of CAD 1,646 or CAD 0.16 per share was mainly due to closed café and operational provisions taken in the quarter as well as losses on disposal of corporate cafés vs. a gain in the prior year. LBITDA was CAD 15,000 against EBITDA of CAD 2,058,000 a year ago. For the full year, the company reported system sales of cafés of CAD 182,782,000 against CAD 191,434,000 a year ago. Total revenue was CAD 28,172,000 against CAD 27,188,000 a year ago. Operating loss was CAD 30,897,000 against CAD 7,122,000 a year ago. Adjusted EBITDA was CAD 4,605,000 against CAD 8,846,000 a year ago. Net loss and comprehensive loss was CAD 27,032,000 or CAD 0.20 per basic and diluted share or CAD 0.03 per basic and diluted share against CAD 7,369,000 or CAD 0.54 per basic and diluted share or CAD 0.03 per basic and diluted share a year ago. The unfavorable change in net loss of CAD 19,663 or CAD 1.92 per share was mainly due to impairment charges, restructuring charges, retail listing fees incurred, and reduced royalty revenue. This was offset partially by the margin realized in the current year from the wholesale of coffee in the grocery channel. LBITDA was CAD 29,591,000 against CAD 6,068,000 a year ago.

The Second Cup Ltd Announces Resignation of Chief Financial Officer Effective January 2, 2015

The Second Cup Ltd. announced that Mr. Steven Boyack will resign as Chief Financial Officer effective January 2, 2015.

The Second Cup Ltd Announces Unaudited Earnings Results for the 13 Weeks and 39 Weeks Ended September 27, 2014; Reports Impairment Charges for the 13 Weeks Ended September 27, 2014

The Second Cup Ltd. announced unaudited earnings results for the 13 weeks and 39 weeks ended September 27, 2014. For the 13 weeks, the company reported total revenue of CAD 6,695,000 against CAD 6,268,000 a year ago. Operating loss was CAD 30,124,000 against operating income of CAD 1,361,000 a year ago. Adjusted EBITDA was CAD 1,079,000 against CAD 1,902,000 a year ago. Basic and diluted loss per share was CAD 2.65 against basic and diluted earnings per share of CAD 0.09 a year ago. Adjusted basic and diluted earnings per share were CAD 0.04 against CAD 0.11 a year ago. Net loss was CAD 26,230,000 against net income of CAD 918,000 a year ago. LBITDA was CAD 29,868,000 against EBITDA of CAD 1,671,000 a year ago. For the 39 weeks, the company reported total revenue of CAD 20,805,000 against CAD 19,150,000 a year ago. Operating loss was CAD 30,376,000 against CAD 9,013,000 a year ago. Adjusted EBITDA was CAD 3,536,000 against CAD 5,501,000 a year ago. Basic and diluted loss per share was CAD 2.68 against CAD 0.86 a year ago. Adjusted basic and diluted earnings per share were CAD 0.17 against CAD 0.33 a year ago. Net loss was CAD 26,564,000 against CAD 8,546,000 a year ago. LBITDA was CAD 29,577,000 against CAD 8,126,000 a year ago. The increase in net loss was mainly due to the impairment charges incurred and by reduced royalty revenue, restructuring charges, and retail listing fees incurred in the current year to date period. For the quarter, the company reported impairment charges of CAD 29,708,000. During the quarter ended September 27, 2014, the company recognized an impairment charge of CAD 29,658 to its trademark assets and CAD 50 related to its property and equipment.

 

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