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Keg posts overall growth, despite declines in sales from its U.S. restaurants

Total system sales for Richmond-based the Keg Royalties Income Fund (TSX:KEG.UN) increased 6.9% for the quarter ending June 29 to $112.1 million compared with $104.9 million for the same period in 2007. Same-store sales increased 4.

Total system sales for Richmond-based the Keg Royalties Income Fund (TSX:KEG.UN) increased 6.9% for the quarter ending June 29 to $112.1 million compared with $104.9 million for the same period in 2007.

Same-store sales increased 4.7% in Canada, but declined 7.5% in the U.S., leading to overall same-store sales growth of 1.7%.

The economic downturn in the U.S. was cited as the main reason for the negative impact on the company's financial results in the quarter.

The Keg's unit price range during the past week: between $9.80 and $10.01; 52-week high: $14.49; 52-week low: $9.36.