STERLING SHOES INCOME FUND ANNOUNCES FIRST QUARTER 2009 RESULTS
HIGHLIGHTS:
  • Overall sales increased 10.8% to $27.7 million during first quarter 2009;
  • Same-store sales increased 0.3% during first quarter 2009;
  • EBITDA improved 37% from a loss of $1,509 thousand in first quarter 2008 to a loss of $946 thousand in first quarter 2009.;
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    Annual Report:
    2008200720062005
  • May 7, 2009
    STERLING SHOES INCOME FUND MANAGEMENT'S DISCUSSION AND ANALYSIS
    The following management's discussion and analysis ("MD&A") should be read in conjunction with the unaudited interim consolidated financial statements and accompanying notes ("Interim Financial Statements") of Sterling Shoes Income Fund (the "Fund") for the three-month period ended March 31, 2009. Results have been prepared in accordance with Canadian generally accepted accounting principles ("GAAP" and reported in Canadian dollars unless otherwise indicated). The fiscal year-end of the Fund is December 31.
    May 7, 2009
    INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF STERLING SHOES INCOME FUND MARCH 31, 2009 (UNAUDITED - EXPRESSED IN THOUSANDS OF DOLLARS)
    March 19, 2009
    CONSOLIDATED FINANCIAL STATEMENTS OF STERLING SHOES INCOME FUND DECEMBER 31, 2008 (EXPRESSED IN THOUSANDS OF DOLLARS)
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