Tootie Pie Company January Same Store Sales Up 23%
SAN ANTONIO, Feb. 7, 2012 /PRNewswire/ -- Tootie Pie Company, Inc. (OTCQB: TOOT) announced that its January 2012 same-store sales for its five Tootie Pie Gourmet Cafes were up 23% over January 2011. The Company also extended its consecutive monthly sales increases to 27 with sales increases in January.
Overall U.S. restaurant same-store sales were up an average of 2-3% for January, according to a recent Dow Jones story.
"This is our first opportunity to make same-store comparisons and the results show that, given just a short period of time, our Cafe model is working," said Don Merrill, President & CEO. "Customer surveys, from two different independent sources, indicate an almost 90% 'would recommend' on our Cafes and, considering we have really only been in this business for a year, I think that is outstanding."
The Company plans to open two additional Cafes in the coming weeks.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafes, in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the OTCQB market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
SOURCE Tootie Pie Company, Inc.