Recipe Unlimited Reports 2020 Fourth Quarter and Full Year Results News provided by Share this article Share this article VAUGHAN, ON, March 4, 2021 /CNW/ - Recipe Unlimited Corporation reported financial results today for the 13 and 52 weeks ended December 27, 2020. Off-premise System Sales surpassed $500 million for the year, an increase of 44.6% compared to 2019 EBITDA Contribution from the Retail and Catering division of $48.4 million for the year, an increase of 32.6% compared to 2019 Positive Operating EBITDA of $35.0 million for Q4 and $113.8 million for the year Successfully amended lending covenants to provide additional covenant flexibility through to the end of Q1 2022 "Despite 94% of our operating weeks in Q4 being impacted by mandated full closures or severely restricted capacity constraints due to COVID-19, the company generated $35 million in operating EBITDA and positive cash flow of $17.5 million. This is a testament to both the resilience of our people, our brands and the diversification of our portfolio.