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Aegis Brands Swings to Adjusted Earnings in Q4
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Aegis Brands Swings to Adjusted Earnings in Q4
Mar 7, 2025 5:32 AM

08:05 AM EST, 03/07/2025 (MT Newswires) -- Aegis Brands ( SCUPF ) reported Friday a swing to adjusted net income in the fourth quarter.

The company, which owns St. Louis Bar & Grill and holds the master franchise for the Sweet Jesus ice cream brand in Canada, posted an adjusted profit of $165,000, or $0.00 per share, reversing a loss of $1.1 million, or a loss of $0.01 per share.

EBITDA from continuing operations increased to $1.2 million from $100,000 in 2023.

"We were able to drive meaningful and profitable traffic to the restaurants," said Steven Pelton, president and CEO of Aegis Brands ( SCUPF ). "We grew some of the recurring limited time offers, expanded our off-premise reach through Uber Eats and continued to focus on hospitality and creating new regular guests."

Aegis said it is launching a new menu in the spring, offering pastas, steak frites, lettuce wraps and several other items on top of its "world-famous" wings.

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