05:37 PM EDT, 05/09/2024 (MT Newswires) -- The Keg Royalties Income Fund (KEG-UN.TO) on Thursday released first-quarter financial results.

Royalty Pool Sales were $181.2 million, down 5.5% for the quarter; KRL Average Sales per Operating Week of $134,000 per Operating Week was down 4.3% while same-store sales fell 5.1% for the quarter. Distributable cash was up 20% to $0.410/Fund unit for the quarter.

Royalty Pool Sales reported by the 105 Keg restaurants in the Royalty Pool were $181.2 million for the quarter, a decrease of $10.6 million or 5.5% from the comparable quarter of the prior year.

"Despite a challenging first quarter for the full-service restaurant category, we continue to be satisfied with the financial results of the Fund during the first quarter of 2024," Kip Woodward, chairman of the fund, said in a statement.