Q: What do you think of their latest quarter.
5i Research Answer:
EPS of 6c beat estimates of 5.6c; revenue of $20.4M beat estimates of $20.0. EBITDA of $19.1M missed estimates of $19.6M. Average royalty growth rate was 3%. Revenue rose 11.9%. Distributable cash rose 7.9%. Payout ratio 87.1%. Mr. Lube remains a standout, with same store growth of 7.2%. Air Miles fell 7.9% but a new agreement provides fixed payments with assured growth escalators. Overall we would consider this a good quarter.