News

Bruegger’s announces Q4 results

March 2, 2011

Bruegger’s Enterprises Inc. has announced its continued sales growth during the fourth quarter ending Dec. 28, 2010. The 437-unit chain recognized sales of $63.2 million, a 3.6 percent increase over the fourth quarter of 2009. Total system sales for the year were $254.5 million, a 2.8 percent increase over 2009.

Bruegger’s namesake brand added 16 franchise, corporate and co-branded bakeries during the past year.  Same-store sales were up by 4.3 percent on company units and 3.1 percent system-wide for the fourth quarter. Bruegger’s expects continued growth for 2011.

Threecaf Brands Canada, Bruegger’s Canadian subsidiary, saw a 1.4 percent increase in comparable sales during the fourth quarter. Threecaf includes Timothy’s World Coffee, which has 93 units, and Michel’s Bakery Café, with 14 units operating in Canada.

“2010 was a year of consistent revenue growth for our brands,” said Bruegger’s CEO Jim Greco. “We believe the investments we made to the brand will continue to pay dividends in 2011.”  

Highlights:

• Bruegger’s completed the renovation of 45 bakeries in 2010, including 14 bakeries in Boston, Connecticut and Michigan in the fourth quarter of 2010. The bagel leader anticipates completing another 40 renovations in 2011.
• Bruegger’s opened three new bakeries and added new franchisees in Danbury, Conn., and Orlando, Fla., during Q4.  Threecaf Brands opened two new Timothy’s World Coffee locations in Toronto during the fourth quarter.
• In January, 2011, Threecaf opened a new co-branded Bruegger’s/mmmuffins in Toronto, a new Timothy’s location in New Brunswick, a new Michel’s Bakery Café and remodeled a Michel’s in Ottawa, Ontario.
• Growing its presence in non-traditional locations, Bruegger’s will open in the Asheville Regional Airport in early 2011. The company’s first U.S.-based Timothy’s will open at Cleveland Hopkins Airport in Q2 2011. Later in the year, Bruegger’s will open its first bakery on a military base in San Diego.