The Canadian coffee chain says an expanded Uber Eats partnership will provide an additional revenue stream following its 39% first quarter revenue growth
Bridgehead’s sales grew 39% to CA$3.5m ($2.6m) in the three months ended 26 March 2023 | Photo credit: Bridgehead Coffee
Ontario-based Bridgehead Coffee has achieved strong sales across its 21 outlets and is seeking to boost delivery revenues via an expanded partnership with Uber Eats.
Toronto-based food and beverage retailer Aegis Brands, which acquired the coffee chain for CA$9.5m ($7m) in January 2020, reported Bridgehead’s sales grew 39% to CA$3.5m ($2.6m) in the three months ended 26 March 2023.
In a press release, Aegis Brands said Bridgehead will increase the number of its stores offering delivery via Uber Eats in the next few months to add ‘an additional revenue stream for those stores in off-premise sales’.
Additionally, Aegis Brands said it will ‘better align’ Bridgehead’s branding to elevate the in-store customer experience and ‘better tell the story of Bridgehead in a manner that relates to consumers in today's world’.
Bridgehead reported 21% system-wide-sales growth and 30% year-on-year growth in its wholesale channel for the 12 months ended 31 December 2022.
Aegis Brands executed the ‘first step of its post-pandemic plan’ by acquiring 75-store fast-food chain St. Louis Bar and Grill in November 2022. St. Louis Bar and Grill achieved 24% year-on-year same store sales growth in the first quarter of 2023.
Following the sale of Second Cup Coffee and cannabis retailer Hemisphere in 2021, St. Louis Bar and Grill is Aegis Brands’ only other listed company.