Bruegger’s: announces Q2/2010 financial results

Burlington / VT. (bei) Bruegger´s Enterprises Inc., 428-unit restaurant operator and an affiliate of Sun Capital Partners Inc., recognized sales of 58,7 million USD; a 2,5 percent increase over the second quarter of 2009.

Bruegger´s namesake brand added 18 franchise, corporate and co-branded bakeries during the past year. Same store comparable sales were up by 0,6 percent on company units and 0,1 percent system-wide. Bruegger´s is anticipating unit growth in 2010 to continue at a rate of ten percent.

Timothy´s World Coffee, which was purchased by Bruegger´s in November 2009, saw a 2,9 percent increase in comparable sales during the second quarter. Timothy´s has 91 locations operating in Canada and is expecting ten percent unit growth in 2010.

«Our reinvestment in the business has contributed to ongoing growth in our portfolio of brands», said Bruegger´s Chief Executive Officer Jim Greco. Highlights in Q2/2010:

• The chain is rolling out its next generation bakery prototype in ten major markets throughout the rest of 2010, paving the way for an updated look that will become a staple for the bagel leader. Bruegger´s plans to remodel all of its locations in the next three years.
• Bruegger´s continues to expand into new markets, including Austin (TX) and Louisville (KY) where the company recently signed new franchisees. The company also opened bakeries in four U.S. cities, bringing the total number of U.S. bakeries to 295 located in 25 of the top 50 U.S. markets and Toronto, Canada.
• The chain recently announced a ten-year agreement with Sodexo Inc., a leader in Quality of Daily Life Solutions with a core business of integrated food and facilities management. The license grants Sodexo the ability to open Bruegger´s Bakery Cafes in their managed locations over the next ten years.