Freshii swings to US$2.5-million loss in first quarter as revenue falls

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Freshii Inc. swung to a US$2.5-million loss in its first quarter as revenue fell 11 per cent from a year ago.

The Toronto-based chain of eateries says it lost eight cents per share for the period ended March 29, when 37 per cent of its locations were closed because of the pandemic.

Excluding one-time items, Freshii lost US$1.21 million, compared with a profit of US$597,000 in the year-ago quarter.

 

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