Franchise Services Announces Q1 Results

Franchise Services of North America Inc. announces its first quarter results for the period ending Dec. 31, 2007. Revenue and net income for the quarter, which were similar to management’s expectations, were $4.2 million and $279,353, respectively. Last year, the company recorded revenue of $5.3 million and a net loss of $158,019.

The 2006 first quarter results include four months of U-Save's results and only one month of Practicar Systems Inc., the Canadian subsidiary that operates the Rent-A-Wreck Brand in Canada.

FSNA opened two new airport locations in San Diego and Colorado Springs, Colo., in addition to three Rent-A-Wreck franchises representing four rental locations, says Robert M. Barton, the company’s COO. Barton says it was also a strong quarter because of FSNA’s Master Franchise sale for Mexico, which has two operating locations in Puerto Vallarta and Guadalajara.

For more information on FSNA’s financial reports, please visit sedar.com.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>