SIR units drop after payout cut in the wake of lower sales at Jack Astor’s, other restaurants

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Canada Headlines News

Canada Latest News,Canada Headlines

SIR units drop after payout cut in the wake of lower sales at Jack Astor’s, other restaurants GlobeBusiness

Fred Lum/The Globe and Mail

The income trust’s units were down about 21 per cent in early trading at the Toronto Stock Exchange, dropping $2.94 to $10.82 – a level that SIR Royalty hasn’t experienced since early 2012. The fund said management at SIR Corp., the private company that operates the business, believes Ontario’s full-service restaurant industry is being affected by higher menu pricing as well as competition from meal delivery services.

“We are currently concentrating our efforts on new and healthier food options, improving everyday value, promotional pricing on food and beverage offerings in non-peak periods, and increasing our share in the delivery segment.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thoughts on OG Anunoby, Zach LaVine and more - TSN.caTSN Basketball Analyst Jack Armstrong returns with his thoughts on OG Anunoby, Zach LaVine and more.
Source: TSN_Sports - 🏆 80. / 51 Read more »

Home sales in September up 15.5 per cent from year ago: CREAHome sales in Canada's big cities continued a rebound in September with a 15.5 per cent increase in sales compared with a year ago, according to the Canadian Real Estate Association. Economy doing great under the Liberals.
Source: CTVNews - 🏆 1. / 99 Read more »

Sportsnet 650 cuts staff, including veteran Rick DhaliwalThe Canucks’ radio rights holder cut on- and off-air staff on Tuesday. Rightfully so ...many hosts babble throughout ...
Source: VancouverSun - 🏆 49. / 61 Read more »

Japan’s worst typhoon in decades leaves rising death toll in its wakeAt least fifteen people are still reported missing three days after Typhoon Hagibis made landfall in central and eastern Japan abtruthseeker The gods are reacting to the Taiji dolphin hunters! More typhoons will come if the barbaric and murderous killings of dolphins and whales continue!
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian men’s soccer team aiming to end more than 30 years of hurt - TSN.caTuesday night’s match in Toronto offers John Herdman’s team a chance to put an end to the same old tune against the U.S., Kristian Jack writes.
Source: TSN_Sports - 🏆 80. / 51 Read more »

NASA moves up 1st all-female spacewalk to fix power unitNASA is moving up the first all-female spacewalk to this week because of a power system failure at the International Space Station.
Source: CTVNews - 🏆 1. / 99 Read more »