Aegis Brands (AEG.TO) said Friday its second-quarter adjusted earnings advanced to C$0.02 per share, from C$0.01 per share in the prior year period.
Analysts polled by FactSet had expected a loss of C$0.06 per share.
System sales fell 2.1% to C$34.6 million year over year, missing the C$35.9 million forecast.
St. Louis Bar & Grill system sales for the quarter were down 2.1% to C$34.6 million and same store sales dropped 3.9% compared with the prior year, a statement said. Aegis attributed the lower sales to the timing of the annual Wingsanity promotion which benefited sales in the second quarter of last year. Wingsanity will run in the third quarter. Excluding this, sales remained consistent.
"Our second quarter results demonstrate the resilience of the St. Louis business and the benefits of the operational initiatives undertaken over the past year," said Board Chair Anthony Longo. "While the timing of our Wingsanity promotion affected year-over-year sales comparisons during the quarter, the underlying business remained healthy, reflected in improved profitability and increased cash generation."
Aegis enters the second half of 2026 with a simplified business, focused on strengthening the St. Louis Bar & Grill brand., the company added.
Aegis Brand shares last traded on July 29, closing at C$0.26 per share on the Toronto Stock Exchange.