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Recipe Unlimited Corporation (T:RECP)

Business Focus: Restaurants & Bars

Sector:  Consumer Cyclicals Industry:  Restaurants & Bars
See Regulatory Filings on SEDAR
Company Contact
Address: 199 Four Valley Dr
Tel: N/A
IR: See website
Key People
Business Overview
Recipe Unlimited Corp, formerly Cara Operations Ltd, is a Canada-based full service restaurant operator and franchisor. The Company operates through four segments, corporate restaurants, franchise restaurants, food processing and distribution and central operations. The Corporate restaurant segment includes the operations of the Company-owned restaurants which sell prepared food and beverages to consumers. Franchised restaurants represent the operations of its franchised restaurant network operating under the Company's brand names including Harvey's, Swiss Chalet, Kelsey's, East Side Mario's, Montana's, Milestones, Prime Pubs, Casey's, Bier Markt, and Landing restaurants. Food processing and distribution represent sales of St-Hubert branded and other private label products produced and shipped from the Company's manufacturing plant and distribution centers to retail grocery customers and to its network of St-Hubert restaurants.
Financial Overview
For the fiscal year ended 29 December 2019, Recipe Unlimited Corp revenues increased 5% to C$1.25B. Net income decreased 40% to C$44.5M. Revenues reflect Corporate segment increase of 4% to C$743M, Non-allocated costs segment increase of 10% to C$64.2M, Franchise segment increase of 1% to C$109.4M. Net income was offset by Central segment loss totaling C$53.3M vs. income of C$1.6M, Corporate segment income decrease of 32% to C$32.2M.
Employees: 17,500 as of Dec 30, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,677M as of Dec 29, 2019
Annual revenue (TTM): $1,252M as of Dec 29, 2019
EBITDA (TTM): $258.01M as of Dec 29, 2019
Net annual income (TTM): $44.52M as of Dec 29, 2019
Free cash flow (TTM): $164.73M as of Dec 29, 2019
Net Debt Last Fiscal Year: $1,204M as of Dec 29, 2019
Shares outstanding: 79,045,461 as of Jan 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization