Happy Belly Food Group Announces 14th Consecutive Record Quarter, and Third Consecutive Quarter of Positive Net Income from OperationsNovember 26, 2025 7:28 AM EST | Source: Happy Belly Food Group Inc.Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce its unaudited financial results and corporate update for th ...

Core Insights - Happy Belly Food Group Inc. has announced the securing of a real estate location for the first Quebec-based Rosie's Burgers in Montreal's Mile End neighborhood, with construction set to begin imminently [1][3] - This location marks the first of ten stores planned under a multi-unit franchise agreement with Carma Hospitality in the Greater Montreal Area, indicating a strategic expansion into a growing market [3][5] - The Mile End area is characterized by a high-density, walkable community with a strong culinary reputation, making it an ideal location for the launch of Rosie's Burgers [3][5] Company Expansion Strategy - Happy Belly has secured 115 Rosie's locations under Multi-Unit and Area Development agreements across various provinces, including Quebec, Ontario, and British Columbia, positioning the brand for rapid growth [5][7] - The company employs a dual expansion strategy that combines franchised growth with targeted corporate store openings, reinforcing its commitment to accelerate Rosie's development [5][7] - Happy Belly currently has 626 contractually committed retail franchise locations across its emerging brands, indicating a robust growth trajectory and ambition to become Canada's leading restaurant consolidator [7][9] Brand Positioning - Rosie's Burgers focuses on delivering handcrafted smash burgers and classic comfort food, appealing to a trend-conscious population that values innovative yet approachable dining options [8] - The brand aims to leverage its proven track record in the burger space and a high-performing franchise model to establish itself as Canada's leading smash burger brand [5][7]

Core Insights - Happy Belly Food Group Inc. announces the grand opening of Rosie's Burgers' newest location in Calgary, Alberta, on September 13, 2025, marking the brand's fifth opening this year [1][3] - The CEO highlights the brand's organic growth and the trust franchisees have in Rosie's, indicating strong franchise system performance and significant growth potential across Canada [3][5] - Rosie's Burgers is positioned in a prime location in Bridgeland, Calgary, benefiting from high foot traffic and a demographic that supports both dine-in and takeout [3][5] Expansion Strategy - Happy Belly has secured 115 Rosie's locations under Multi-Unit and Area Development agreements across various provinces, indicating a robust expansion strategy [5][7] - The company employs a dual expansion strategy that combines franchised growth with targeted corporate store openings, aiming to accelerate Rosie's development [5][7] - Happy Belly currently has 626 contractually committed retail franchise locations across its emerging brands, showcasing its commitment to disciplined growth [7] Brand Positioning - Rosie's Burgers focuses on delivering a differentiated guest experience with high-quality products, aiming to become Canada's leading smash burger brand [5][8] - The brand emphasizes its nostalgic menu offerings, including smash burgers, fries, and milkshakes, appealing to a broad customer base [8]

Core Insights - Happy Belly Food Group achieved its 13th consecutive record quarter with a 114% increase in system sales compared to the same quarter last year, reaching $16.2 million [2][4] - The company reported total revenues of $5.7 million in Q2 2025, a 155% increase year-over-year, driven by organic growth and acquisitions [3][4] - Happy Belly opened 12 new restaurant locations in Q2 2025 and has a total of 62 operating restaurants, up 138% from the previous year [3][4] Financial Performance - System-wide sales reached $16.2 million in Q2 2025, up from $7.6 million in Q2 2024, reflecting a 114% increase [4] - Total operating revenues, including vendor rebates and interest income, amounted to $5.7 million in Q2 2025, compared to $2.2 million in Q2 2024, marking a 155% increase [4] - Adjusted EBITDA for Q2 2025 was $0.6 million, representing a margin of 9.9%, a significant improvement from a negative $(0.1) million in the same quarter last year [4][11] Growth Strategy - The company continues to focus on both organic growth and accretive acquisitions, with plans to expand its restaurant portfolio further [3][4] - Happy Belly's management emphasizes a disciplined approach to growth, focusing on the "3P's": People, Product, and Process [3] - The company has signed multiple franchise agreements and development deals across Canada, indicating strong expansion plans [6][10] Operational Highlights - In Q2 2025, Happy Belly generated $0.7 million in cash flow from operating activities and invested $1.1 million in property and equipment [7] - The company added 12 new restaurants during Q2 2025, with further expansions planned in Q3 [7] - As of June 30, 2025, Happy Belly's net working capital was $2.7 million, and total cash and cash equivalents stood at $3.0 million [4]

Core Insights - Happy Belly Food Group Inc. has announced the expansion of an existing franchisee's portfolio with a new Franchise Agreement for Rosie's Burgers, marking a significant step in their growth strategy [1][5] - The new location in Abbotsford, British Columbia, is strategically chosen due to the city's strong population growth and diverse demographics, which are expected to drive consumer demand [3][5] - Happy Belly's overall strategy includes securing high-quality real estate and aligning with experienced partners to support rapid expansion across Canada [7] Company Expansion - The company currently has 115 Rosie's locations secured under Multi-Unit and Area Development agreements across various provinces, indicating a robust growth trajectory [5] - Happy Belly's portfolio has expanded to 616 retail locations across Canada, which includes stores in development, under construction, and already operating [7] - The dual expansion strategy combines franchised growth with targeted corporate store openings, reinforcing the company's commitment to scaling Rosie's Burgers [5][7] Market Positioning - Rosie's Burgers is positioned as a differentiated player in the quick-service restaurant (QSR) landscape, focusing on a compelling guest experience and high product quality [5] - The brand aims to become Canada's leading smash burger brand, leveraging its proven track record and strong franchise system [5][7] - The evolving food scene in Abbotsford, supported by a community that values quality and local offerings, is seen as a fertile ground for Rosie's Burgers to thrive [3]

Core Insights - Happy Belly Food Group Inc. has announced the signing of a franchise agreement for Rosie's Burgers in Edmonton's Brewery District, marking the second franchise for this location [1][4] - The new location is strategically positioned near McEwan University, which has over 19,000 students, enhancing visibility and access to a diverse customer base [4][5] - The company has secured 115 Rosie's locations under Multi-Unit and Area Development agreements across various provinces in Canada, indicating a robust expansion strategy [7][8] Company Expansion Strategy - The expansion into Edmonton's Brewery District is part of a national rollout strategy aimed at establishing a presence in key urban markets [4] - The company is focused on a dual expansion strategy that combines franchised growth with targeted corporate store openings, reinforcing its commitment to accelerate Rosie's development [8][10] - Happy Belly's portfolio has rapidly scaled to 616 retail locations secured across Canada, demonstrating a consistent pipeline growth through partnerships and high-quality real estate [10] Market Positioning - Rosie's Burgers is gaining momentum as a standout concept in the quick-service restaurant (QSR) space, attributed to its strong consumer appeal and product excellence [5][8] - The company aims to become Canada's leading smash burger brand, leveraging its proven track record and high-performing franchise model [8][10] - The strategic location of the new franchise in a culturally rich area with high foot traffic is expected to enhance brand visibility and customer engagement [4][5]

Core Insights - Happy Belly Food Group Inc. has announced the signing of a second franchise agreement for Rosie's Burgers in Halifax, Nova Scotia, indicating continued expansion in Atlantic Canada [1][4][10] - The company emphasizes the strength and scalability of its franchise model, with 115 Rosie's locations secured under Multi-Unit and Area Development agreements across various provinces [6][7] - The Halifax location is strategically chosen due to its demographic mix, economic stability, and vibrant culinary culture, making it an ideal market for the Rosie's brand [10][11] Company Expansion Strategy - The company is focused on a dual expansion strategy that combines franchised growth with targeted corporate store openings, reinforcing its commitment to accelerate Rosie's development [7][9] - Happy Belly is actively securing real estate opportunities and has more agreements in the pipeline, showcasing a robust growth trajectory [4][9] - The franchise support system includes comprehensive training and resources, which has led to a growing number of multi-unit operators, validating the brand's trust and momentum [6][9] Market Positioning - Rosie's Burgers is positioned as a category leader in Canada, recognized for quality and exceptional guest experience, with a strong market demand reflected in the continued signing of franchise agreements [4][7] - The brand aims to become Canada's leading smash burger brand, leveraging its proven track record and high-performing franchise model [7][9] - Halifax's youthful population, driven by major universities, and high year-round foot traffic due to tourism, provide a strong consumer base for the fast-casual dining segment [10][11]

Core Insights - Happy Belly Food Group Inc. has signed a franchise agreement and secured a real estate location for Rosie's Burgers in Waterloo, Ontario, marking the brand's eighth location in the province [1][4]. Expansion Strategy - The opening of the Waterloo location is anticipated in Q4 of 2025, with the company ahead of its development schedule and additional locations planned for 2025 and 2026 [4]. - Happy Belly aims to develop a total of 30 units in Ontario, leveraging its franchise network to drive growth and secure strategic real estate [4][8]. Market Potential - Waterloo is identified as an ideal location due to its strong demographic mix, driven by the presence of two major universities, which provides a built-in customer base of students and professionals seeking fast and affordable meals [5]. - The city’s vibrant tech and innovation sector further enhances the market potential for Rosie's Burgers, appealing to a diverse clientele [5]. Franchise Growth - The company has secured 115 Rosie's locations under Multi-Unit and Area Development agreements across various provinces, indicating a robust growth trajectory [8]. - Happy Belly's asset-light franchising model, combined with strategic site selection and operational support, positions franchise partners for long-term success [7][8]. Overall Vision - Happy Belly Food Group is focused on building a scalable growth engine and delivering sustained value for shareholders, aiming to become Canada's leading restaurant consolidator [7][8].

Core Insights - Happy Belly Food Group Inc. has signed a franchise agreement and secured a real estate location for Rosie's Burgers in Calgary's Marda Loop District, marking a significant step in its expansion strategy [2][5]. Company Expansion Strategy - The signing of the franchise agreement is part of a commitment to develop 20 units in Alberta, with more locations planned for 2025 [5]. - Marda Loop is identified as a vibrant community with high foot traffic and a strong local economy, making it an ideal location for Rosie's Burgers [5]. - The company is leveraging its franchising expertise to drive growth and secure strategic real estate across Canada [7]. Franchise Development - Rosie's Burgers has secured 115 locations under Multi-Unit and Area Development agreements across various provinces, indicating a robust growth pipeline [7][10]. - The company is pursuing a dual-track growth approach, focusing on both corporate store development and franchising [8]. - Happy Belly aims to maintain momentum and achieve disciplined growth objectives through 2026 by carefully selecting partners and prime real estate [10]. Market Positioning - Happy Belly Food Group is positioned as a leader in acquiring and scaling emerging food brands in Canada, with a focus on the QSR (Quick Service Restaurant) space [13]. - The company emphasizes its asset-light franchise model, operational training, and marketing support to empower franchise partners [7].

Core Insights - Happy Belly Food Group Inc. has signed its first real estate location for Rosie's Burgers in Halifax, Nova Scotia, marking a significant step in its national expansion strategy [1][3][5] Expansion Strategy - The company has secured 105 locations under area development agreements across various provinces including Atlantic Canada, Saskatchewan, Manitoba, British Columbia, Alberta, and Ontario [5] - The growth strategy involves a dual-track approach of corporate store development alongside an asset-light franchise model [5][7] Market Potential - Halifax is identified as an ideal location due to its strong demographics, economic stability, and vibrant culinary culture, with a population exceeding 600,000 [8] - The city has a youthful demographic driven by major universities and a thriving student scene, which aligns with the target market for fast-casual and comfort food [8] Brand Positioning - Rosie's Burgers aims to become Canada's leading national smash burger brand, leveraging its expertise in the burger category and a robust franchising platform [5][7] - The brand focuses on providing franchisees with essential tools and resources for success, emphasizing a predictable and disciplined growth approach [7]