Keg Restaurants Ltd.'s total system sales jumped 14.4% for its second quarter, which ended July 1, 2007.
Sales hit $104.9 million compared with $91.7 million in the same period in 2006. The increase was driven primarily by an 11% rise in same restaurant sales in Canada and a 5.4% increase for U.S. Keg restaurants.
The steakhouse chain's consolidated restaurant sales were up 9.7% for the quarter, despite the continuing negative impact of a record high Canadian dollar.
The Keg Royalties Income Fund's (TSX:KEG.UN) unit price range during the past week: between $13.55 and $13.82; 52-week high: $14.80; 52-week low: $10.75.