Bridgehead says its new location at the Ottawa International Airport is giving it a java-induced jolt as the coffee chain’s third-quarter revenues rose 21.5 per cent year-over-year.
In financial filings this week, Bridgehead’s parent company, Aegis Brands, said the Ottawa-based retailer posted revenues of $4.1 million for the three-month period ending Sept. 24, up from $3.4 million the previous year.
Aegis Brands said Bridgehead’s revenues were buoyed by the opening of its new outlet at the Ottawa Airport – the chain’s 21st location in the National Capital Region – in late July.
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Aegis president and CEO Steven Pelton said Monday the expansion to YOW’s terminal is paying off.
“We have been more creative in our post-pandemic recovery,” Pelton said in a news release. “Our guests still want the heritage, values, and high quality of Bridgehead coffee – but they just are not downtown in Ottawa the way they used to be, so we have created more ways to get our coffee in their cups, wherever they are – and the results are now beginning to show.”
Meanwhile, Bridgehead’s revenues from wholesale operations rose 48 per cent to $426,000. E-commerce sales continued to slide as more customers returned to shopping in stores, falling to $118,000 from $134,000 a year ago.
Bridgehead recently began selling its products in 32 Longo’s supermarkets across Ontario, expanding a network that already includes more than 130 stores, including Costco, Farm Boy, Sobeys and Whole Foods locations in the province.
