Bruegger's

Bruegger’s Announces First Quarter Financial Results

Café Operator Advances During Challenging Times

Bruegger’s Enterprises, Inc. (BEI) announced today that the system showed positive sales growth during the first quarter ending April 20, 2010. The 430-unit restaurant operator recognized sales of $74.6 million, a 2.1 percent increase over the first quarter of 2009.

Bruegger’s namesake brand added 20 franchise, corporate and co-branded bakeries during the past year.  Same store comparable sales were down slightly, by 0.2 percent.  Bruegger’s is anticipating unit growth in 2010 to continue at a rate of 10 percent.

Timothy’s World Coffee, which was purchased by BEI in November 2009, saw a 3.6 percent increase in comparable sales during the first quarter.  Timothy’s has 94 locations operating in Canada and is expecting 10 percent unit growth in 2010.

“We continue to improve operations, introduce new products and make significant capital investments in the future of the Bruegger’s portfolio of brands,” said Bruegger’s Chief Executive Officer Jim Greco.  “Our first quarter results confirm that our strategic initiatives are working.”