Canada’s Pizza Delivery Corp. announce third quarter – 2007

Financial highlights for third quarter – 2007


    CALGARY, March 9 /CNW/ - The financial statements for the third quarter (39 weeks) ended December 24, 2006 
have been compiled by management, approved by the Board of Director, but have not been audited. 
    Summary of Operating Results 
    The following tables show the Company's results from continuing operations for the 13 and 39 weeks ended 
Dec. 24, 2006, Dec. 25, 2005 and Dec.  26, 2004.
     <<
    For the 13 weeks ended                     Dec. 24,   Dec. 25,   Dec. 26,
                                                 2006       2005       2004
 
                                                ($000)     ($000)     ($000)
    -------------------------------------------------------------------------
    Operating Results
      Systemwide network sales                  38,654     37,027     36,680
      Total revenue                              3,883      3,817      4,251
      Loss from continuing operations             (110)      (144)       149
      Loss from discontinued operations              0          0          0
    Basic and diluted loss per share(1)
                                                 (0.01)     (0.03)      0.03
      Loss from discontinued operations              0          0          0
    Total Assets                                 8,173      8,082      8,597
    Long Term Debt                                 461        236      1,320
 
      Number of Stores                             277        254        250
 
 
 
    For the 39 weeks ended                     Dec. 24,   Dec. 25,   Dec. 26,
                                                 2006       2005       2004
 
                                                ($000)     ($000)     ($000)
    -------------------------------------------------------------------------
    Operating Results
      Systemwide network sales                 109,327    102,032     98,769
      Total revenue                             11,618     11,021     11,588
      Loss from continuing operations             (592)      (461)      (260)
      Loss from discontinued operations              0          0          0
    Basic and diluted loss per share(1)
      Loss from continuing operations            (0.06)     (0.08)     (0.05)
      Loss from discontinued operations              0          0          0
    Total Assets                                 8,173      8,082     8,597
 
    Long Term Debt                                 461        236      1,320
 
      Number of Stores                             277        254        250
    >>
 
 
 
    Sales increased by $1,627,000 in the third quarter of fiscal 2007 as compared to the third quarter of 2006. 
This increase is due to additional stores and by higher average weekly sales as a result of the Company's new
marketing strategies.
    Total revenues for the third quarter of fiscal 2007 were $3,883,000, up $66,000 over fiscal 2006. Royalty 
revenue increased $77,000 in the third quarter of fiscal 2007 in comparison to the third quarter of fiscal 2006.
This increase is due to additional stores being opened and increased sales. Sales of Franchise stores decreased
by $18,000 in the third quarter of fiscal 2007.
    The loss from continuing operations for the 13 weeks ended December, 2006 (fiscal 2007) in the amount of 
$110,000 included a royalty penalty paid of $55,000. Future earnings from continuing operations should improve
through the reduction of the royalty penalty. The royalty penalty payment will be reduced with each store opening
and the Company's goal is to bring this penalty to zero.
    Management is currently working to improve corporate stores results. A review of our operations, of our 
supplier's contracts and a staff reduction were done to reduce our costs. On the development side, we have now
277 stores operating on our way to reach in a short term the 288 required in our MFA. At this point we will stop
to pay the royalty penalty.
    Currently, CPD has nine (9) stores in various stages of development. Five (5) have secured leases and are 
currently under construction. Store opening dates vary due to the length of time required to find a location and
secure the lease before we are able to order the equipment.