Odd Burger Sees Reduced Losses as Franchise Model Expands in Canada

Odd Burger Corporation reported positive financial results for the first quarter of fiscal 2025, with a 6.2% increase in revenue reaching $727,294. The company also saw a significant reduction in net loss, dropping to $272,476 from $1.3 million in the previous quarter. This improvement was attributed to the expansion of their franchise network and growing consumer-packaged goods business, as well as improved gross margins due to a shift towards a franchise model.

With 20 locations operating across Canada, Odd Burger is focused on further franchise expansion and retail partnerships. The company recently secured a deal with Calgary Co-op to distribute its plant-based products in Alberta grocery stores. CEO and co-founder James McInnes emphasized the success of their strategy and the importance of growing revenue and developing technology to differentiate themselves in the industry moving forward.