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8/9/2021 freshii Freshii Inc. Announces Second Quarter 2021 Results Freshii Inc. Announces Second Quarter 2021 Results Strong sales recovery , with 46 % year over year increase in same store sales¹ in Q2 2021 Continued digital sales momentum , with Freshii mobile app sales up 105 % vs Q2 2020 6 more locations open and operating at end of Q2 2021 vs Q1 2021 with 95 % of total locations now open Maintains strong liquidity position while continuing NCIB purchases Announces additional funds to support franchise partners to accelerate restaurant sales and profitability recovery Sees strong CPG sales trends and increasing adoption of beverage and snacking options TORONTO , Aug. 09 , 2021 ( GLOBE NEWSWIRE ) -- Omnichannel health and wellness brand , Freshii Inc. ( TSX : FRII ) ( " Freshii " , the " Company " or " we " ) , today announced financial results for the second quarter ended June 27 , 2021 ( " Q2 2021 " ) . " In Q2 , we were pleased with the sales recovery and location reopening trends experienced in our core restaurant business , " said Matthew Corrin , Chairman and Chief Executive Officer of Freshii . " In Q2 , restaurant same store sales were up 46 % year over year , with our traditional restaurant locations in North America improving sequentially despite a challenging start to the quarter that continued to feature strict government restrictions in key Canadian markets . The positive sales trends on the digital side of our business are also continuing , with Freshii app sales up 105 % vs. Q2 2020. Our new app remains at the forefront of our digital innovation efforts and this summer , Freshii launched its first ever ‘ app only ' menu item , with our ' energii bite smoothie ' LTO made available exclusively to guests ordering through the Freshii app . We continue to work with our franchise partners to navigate the ongoing impacts of the pandemic and have made additional investments in sales driving and profitability focused store level initiatives , primarily by way of increased marketing investments and operating cost offsets . As the impacts of the COVID - 19 pandemic abate , and temporarily closed locations continue to reopen , we expect our restaurant network to continue to strengthen its position . Our CPG division continues to expand , with summer sales trends at our most significant retail partners trending positively . In particular , we have been pleased with the growth of the CPG snacking and beverage sales mix , as these longer shelf - life products help broaden the product assortment and appeal of the division overall . For example , our three flavours of energii bites , available in individual and multi - pack format , continue to perform well as CPG retailers and customers embrace this Freshii - restaurant favourite . Our nutritional supplements business line also remains an area of focus , with additional new products expected soon , adding to our current ACV gummies offering . " Change in Presentation Currency On June 27 , 2021 , the Company changed its presentation currency from US Dollars to Canadian Dollars . As significant portions of the Company's revenues , expenses , cash flows , and assets are denominated in Canadian Dollars , the Company believes that a Canadian Dollar presentation currency will provide more relevant reporting of the Company's business activities and financial position . The Company has applied https://pr.globenewswire.com/Release Preview / Html2 ? r = 4961380 1/11