SIR Royalty Income Fund last week announced that its operating company SIR Corp reported that food and beverage revenue from corporate restaurant operations for the third quarter ending in early May 2026 increased by 7.5 percent to $69.7 million(Cdn), compared to $64.8 million for the twelve-week period ended May 4, 2025. Consolidated same store sales increased by 2.5 percent. During the quarter, in early April, SIR opened a new Scaddabush Italian Kitchen & Bar in Windsor in Ontario and in mid-April, SIR closed the Jack Astor’s Bar & Grill in Richmond Hill to complete a major renovation and upgrade, including the introduction of its new Freida’s Beverage Kitchen concept. SIR reports that it continues to monitor consumer spending behavior in light of current evolving macroeconomic factors, including inflation, interest rates and the impact of cross-border tariffs between Canada and the United States, and their potential impact on the Canadian economy and consumer confidence. SIR has leased four properties, in Aurora, Kanata and London in Ontario and Dartmouth in Nova Scotia, where it plans to develop four new Scaddabush locations. SIR has also leased a property in Windsor where it plans to develop a new Jack Astor’s + Freida’s location. Timing has not been announced. SIR is pursuing additional sites to continue growth of the Scaddabush and Jack Astor’s + Freida’s concepts. SIR Corp. has a portfolio of 55 restaurants in Canada. They include 36 Jack Astor’s Bar and Grill and Jack Astor’s + Freida’s Beverage Kitchen restaurants, and 15 Scaddabush Italian Kitchen & Bar locations. SIR also operates one-of-a-kind ‘Signature’ brands including The Loose Moose, REDS Square One, Edna + Vita and a Duke’s Refresher + Bar location. SIR Corp. is the operating entity from which the SIR Royalty Income Fund’s equity income is ultimately derived.
Service Inspired Restaurants/Sir Corp., 5360 South Service Rd., Suite 200, Burlington, Ontario L7L 5L1 (905/681-2997 www.sircorp.com)