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Maritimes  + Retail  | 
Photo of a St. Louis Bar & Grill restaurant.

New St. Louis Bar & Grill Eateries in Maritimes Outshine Legacy Locations

St. Louis Bar & Grill’s newest restaurants in the Maritimes are outperforming the chain’s legacy locations across Canada.

The recently opened outlets in New Minas, N.S., and Shediac, N.B., are exceeding systemwide benchmarks by roughly 16%, said the franchise chain’s parent, Aegis Brands. A new location in Oakville, Ont., is also delivering stronger-than-average results.

“Our new store performance reflects our focus on building a stronger, more resilient and scalable brand,” said Steven Pelton, president and CEO of Aegis Brands. “We are encouraged by the early success of the new locations and the positive reception to our new menu and look.”

The strong performance from these new restaurants comes despite a broader decline in same-store sales, which fell 7.5% in the second quarter ending. System sales declined 4.2% to $35.2 million, while net income rose 8.3% year-over-year to $1.1 million. Adjusted EBITDA remained flat at $1.6 million.

Three underperforming restaurants were closed earlier this year, offsetting gains from the new store openings.

Photo: St. Louis Bar & Grill

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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