Earnings release
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freshii Freshii Inc. Announces First Quarter 2021 Results Strong digital sales momentum , with Freshii mobile app sales up 129 % vs Q1 2020 and total North American traditional restaurant digital sales mix up to over 40 % of total sales vs 20 % in Q1 2020 Completes North American in - app delivery functionality rollout 24 more locations open and operating at end of Q1 2021 vs Q4 2020 Maintains strong liquidity position while initiating NCIB purchases Continued investment to support franchise partners as COVID - 19 restrictions persist in major markets Adds new direct to consumer digital sales channel to apple cider vinegar gummy supplement offering CPG business enhances in - store branding and expands product line and distribution TORONTO , May 11 , 2021 ( GLOBE NEWSWIRE ) Omnichannel health and wellness brand , Freshii Inc. ( TSX : FRII ) ( " Freshii " , the " Company " or " we " ) , today announced financial results for the first quarter ended March 28 , 2021 ( “ Q1 2021 ” ) . " In Q1 , the Freshii restaurant network and omnichannel business lines have continued to demonstrate resilience , and have progressed well despite the ongoing challenges presented by the COVID - 19 pandemic , ” said Matthew Corrin , Chairman and Chief Executive Officer of Freshii . “ We have continued to support our franchise partners with direct investments in their businesses as well as profitability focused initiatives . We have also maintained our digital journey acceleration , with Freshii's mobile app sales - our fastest growing digital channel – increasing 129 % year over year and standing out as a strengthening pillar of our business . Further , our total North American traditional restaurant digital sales mix also increased to over 40 % , as compared to approximately 20 % in Q1 2020. Freshii's supplement products are now available in - store as well as on a newly launched Freshii direct - to - consumer website , and our CPG division continues in its expansion process . Freshii has a strong omnichannel foundation in place that we believe will see us through the challenges of today and position us for strength tomorrow . " Financial Highlights for the First Quarter • Same - store sales growth was ( 18.5 % ) in Q1 2021 .