Sportscene Group Inc. reported earnings results for the first quarter ended November 30, 2014. For the quarter, the company reported sales decline by 5.2% to amount to $26.3 million. This decrease is mainly attributable to lower average same cage sales.

The company's revenues posted a slight decline of 1.0% to stand at $17.3 million, as the decrease in restaurant Revenue was partially compensated by an increase in revenues from activities related to the renovation of Cages. Adjusted EBITDA was down from $2.0 million during the first quarter of the previous fiscal year to $1.2 million this year, primarily as a result of lower average same-Cage sales and the upgrading of the menu. The company therefore closed the first quarter of fiscal 2015 with net earnings attributable to shareholders of $25,000 or $0.01 per share (basic and diluted), compared with $787,000 or $0.19 per share for the same period of last year.