Cara Operations, which operates Canadian fastfood chains Harvey’s and Swiss Chalet and also supplies food to airlines, has reported a fall in quarterly profit due to the outbreak of SARS in the Toronto area.


Toronto-based Cara posted earnings of C$5.7m (US$4.08m) for the first quarter to 22 June, compared to $28.6m a year earlier.


Sales for the quarter were $264m, compared with $248.7m in the year-ago period.


“Given the significant uncertainty surrounding the travel and hospitality industry, we expect the next few months to remain relatively soft, but remain optimistic that market conditions will improve in the second half of the year,” the company was quoted by Reuters as saying.


The company’s profits have been hit by the outbreak of SARS (Severe Acute Respiratory Syndrome), which reduced travel to and from Toronto, Cara’s main restaurant market. Cara also suffered when Air Canada, one of the company’s main clients, filed for bankruptcy protection in the spring.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now