08:12 AM EST, 02/14/2025 (MT Newswires) -- Boston Pizza Royalties Income Fund (BPF-UN.TO) said Friday that its earnings rose in the fourth quarter on the back of record franchise sales.

The company booked a net and comprehensive income of $6.6 million, or $0.28 per diluted share, in the three months ended Dec. 31, 2024, increasing from $5.2 million, or $0.24 per diluted share.

Franchise sales grew to $234.2 million, the highest ever for the fourth quarter, from $227.7 million. Total revenue inched up to $12.4 million from $12.1 million.

"In the fourth quarter, Boston Pizza delivered its strongest performance of the year in terms of year-over-year growth, capping off the highest year for total franchise sales," said Jordan Holm, president of Boston Pizza International. "Effective promotions were instrumental in Boston Pizza overcoming macroeconomic challenges faced in the earlier quarters of the year."

The fund declared a dividend of $0.115 per unit for January, payable Feb. 28 to unitholders of record on Feb. 21.

"As we enter 2025, we remain vigilant in monitoring the evolving trade landscape, its potential impact on Boston Pizza restaurants in Canada and adapting the business accordingly," Holm said.

Boston Pizza's share price rose 1.3% on Thursday to $17.57 on the TSX.