Boston Pizza Royalties Income Fund (TSX:BPF.UN) reported a 17.5% increase in net earnings in its third quarter ending September 30, 2008.
Earnings for the Vancouver company rose to $5.5 million from $4.5 million in the same period last year due to strong sales from the 298 restaurants in its royalty pool.
Franchise sales increased to $170.8 million from $156.1 million.
The restaurant chain, however, was suffered from the slowing economy. It reported same-store sales growth of 0.3%, down from 6.6% in 2007's third quarter.
Boston Pizza's unit price range during the past week: between $8.01 and $9; 52-week high: $14.50; 52-week low: $7.