Recipe Unlimited downgraded to market perform at BMO Capital

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Recipe Unlimited Corp.

Recipe Unlimited Corp. engages in the operation of restaurant chains. It operates through the following segments: Corporate Restaurants, Franchise Restaurants, Retail and Catering, and Central Operations. The Corporate Restaurants segment includes the operations of the company-owned restaurants which generate revenues from the direct sale of prepared food and beverages to customers. The Franchise Restaurant segment represents the operations of its franchised restaurant network operating under the company’s several brand names from which the company earns royalties calculated at an agreed upon percentage of franchise restaurant sales. The Retail and Catering segment involves in the sales of St-Hubert, Swiss Chalet, Montana’s and The Keg branded products; and other private label products produced and shipped from the firm’s manufacturing plant and distribution centers to retail grocery customers and to its network of St-Hubert restaurants. The Central Operations segment involves call center services which earn fees from off-premise phone, mobile and web orders processed for corporate and franchised restaurants; and income generated from the lease of certain equipment to franchisees as well as the collection of new franchise and renewal fees. Recipe Unlimited was founded in 1883 and is headquartered in Vaughan, Canada.

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