Calgary-based Comac Food Group, a multi-concept organization focused on the food service industry, has announced the company's Q3 results, with network sales reaching C$33.2m (US$20.7m) for the 13 weeks ending 23 December 2001, up 9% over the same period last year.

EBITDA from continuing operations was C$236,000 in the third quarter, up 37% year on year. Comac posted net earnings of C$102,000 for the quarter versus net earnings of $749,000 last year. Last year's earnings included a net gain of C$677,420 resulting from the sale of Grabbajabba.


Domino's strong performance continued through the Q3. Domino's same store sales increased 7.5% over the 39 week period and eight new franchise locations were opened. Corporate store activity continued to build with the opening of the second store in October. Corporate store results have exceeded expectations, achieving combined weekly unit sales of over C$10,000 per store.

Management remains focused on both Domino's franchise and corporate unit growth. The expanded franchise program rolled out at the beginning of the year resulted in a substantial increase in franchising. Currently, in addition to the eight new stores, franchise agreements have been completed or are in the process of being done for 10 new Domino's. The franchise program is generating strong interest from many potential franchisees and management expects this current momentum of new franchise growth to continue.

Domino's corporate store development has taken longer than expected as quality locations are taking longer to secure. In order to accelerate corporate store openings, a five store development has been started in the Ontario market that is expected to be completed by 3 December 2002. The company has engaged the services of local real estate brokers to help identify and secure locations.

Café Results

Café systemwide sales for the Q3 totalled C$5.6m, down 13% from the comparable period last year. Revenues for the same period were C$651,663, down 27.5% from the previous year. Sales and revenues are down as a result of store closures, reducing the total café stores in operation in fiscal 2002 over fiscal 2001. Café same store sales in the Q3 improved to a positive 1.8%, bringing the year to date same store sales to a negative 0.9%.