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RECIPE EST . 1883 Recipe Unlimited Reports Q3 2021 Results VAUGHAN , ON , November 3 , 2021 / CNW / - Recipe Unlimited Corporation reported financial results today for the 13 and 39 weeks ended September 26 , 2021 . • • Q3 Total System Sales of $ 834.2 million , increased by 23.3 % compared to Q3 2020 and 48.5 % compared to Q2 2021 , driven by the enthusiastic return of Guests to our dining rooms Operating EBITDA of $ 50.3 million compared to $ 42.5 million in Q3 2020 and $ 49.5 million in Q3 2019 , despite the ongoing effects of the COVID - 19 pandemic and significant reductions in government subsidies Long term debt repayments of $ 50.0 million for the quarter as a result of strong financial performance in the third quarter and prudent cash management Net Earnings of $ 13.2 million compared to $ 5.2 million in Q3 2020 Our ability to pivot during the COVID - 19 pandemic was recognized by the food service and hospitality industry and in 2021 , Recipe was named the recipient of the prestigious Pinnacle Award as Company of the Year " We are encouraged by our third - quarter results and the enthusiastic return of Guests to our restaurants . Despite dining room closures at the start of the third quarter which impacted 30.8 % of our operating weeks in the quarter , our business generated $ 50.3 million of EBITDA . During the past 20 months , we have taken significant steps to strengthen our overall business . Some of the initiatives include streamlining menus , improving our digital platform , testing higher efficiency kitchen equipment and more importantly , investing in our people and our franchisees . We have also made strategic changes to our brand portfolio mix , closed underperforming restaurants and opened 46 new restaurants since the start of the pandemic . In addition , we have restructured many of our joint venture restaurants to either full corporate or franchise ownership and we divested certain non - strategic investments ; all of which enables us to control the growth and operation of these brands or locations . All of these steps have placed us in a strong position to thrive and compete as we emerge from the pandemic . " -Frank Hennessey , CEO Highlights for the 13 weeks ended September 26 , 2021 : • Total System Sales ( ¹ ) for the 13 weeks ended September 26 , 2021 was $ 834.2 million , compared to $ 676.4 million in 2020 and $ 869.1 million in 2019 , representing an increase from 2020 of 23.3 % and a decrease from 2019 of 4.0 % . The increase from 2020 reflects the easing of government mandated restrictions and the return of our Guests into our dining rooms . The decrease from 2019 reflects the continuing impact of the remaining government mandated restrictions in certain parts of our restaurants network , which affected 30.8 % of the Company's total operating weeks in the third quarter of 2021 . SWISS CHALET MARIO THE KEG MONTANAS KELSEYS LANDING PICKLE BARREL FIONNS NYF CAME *** ORIGINAL JOE'S IER STATE MAIN MARKT Ultimate ROADHOUSE