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Aegis Brands Inc. (T:AEG)

Business Focus: Restaurants & Bars (NEC)

Sector:  Consumer Cyclicals Industry:  Restaurants & Bars
 
Company Contact
Address: 2040 Yonge St., Suite 200B
TORONTO ON M4S 1Z9
Tel: N/A
Website: https://secondcup.com
IR: See website
Key People
Steven Pelton
President, Chief Executive Officer, Director
Melinda M. Lee
Chief Financial Officer
Kate Burnett
President of Bridgehead (2000) Inc.
Tara Ramsay
Vice President - People
Laurie Ouellette
Chief Financial Officer of Bridgehead
 
Business Overview
Aegis Brands Inc. is a Canada-based company that owns and operates St. Louis Bar and Grill (St. Louis) and Wing City by St. Louis (Wing City). St. Louis Bar & Grill service wings, fries, and garlic dill sauce, and their local neighborhood restaurants offer service in a casual sports bar and grill setting. Certain of St. Louis products are available for purchase at selected grocery retailers in Canada and online through their application and Amazon. It undertook construction on two Wing City fast-casual locations in Toronto. Wing City focuses on offering St. Louis wings, boneless, plant-based wings and fries and dill sauce. The menu also includes various items, such as chicken fried ribs, and a chicken thigh sandwich. It owns about 73 St. Louis franchised locations across Canada and three corporately owned restaurants.
Financial Overview
For the 26 weeks ended 30 June 2024, Aegis Brands Inc revenues increased 22% to C$10.1M. Net income before extraordinary items totaled C$837K vs. loss of C$229K. Revenues reflect St Louis segment increase of 19% to C$9.9M, Wing City segment increase from C$0K to C$264K. Net Income reflects Gain on disposals increase from C$0K to C$843K (income), Overhead and other decrease of 19% to C$2.3M (expense).
Employees: 122 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $70.29M as of Jun 30, 2024
Annual revenue (TTM): $18.75M as of Jun 30, 2024
EBITDA (TTM): $3.48M as of Jun 30, 2024
Net annual income (TTM): $0.06M as of Jun 30, 2024
Free cash flow (TTM): -$2.08M as of Jun 30, 2024
Net Debt Last Fiscal Year: $31.26M as of Jun 30, 2024
Shares outstanding: 85,287,167 as of Jun 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization