The Habit Restaurants (HABT) Tops Q3 EPS by 1c, Comps Increase 2.9%, Offers FY Guidance

The Habit Restaurants (NASDAQ: HABT) reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $58.6 million versus the consensus estimate of $57.74 million.

• Company-operated comparable restaurant sales increased 2.9%.

The Habit Restaurants sees FY2015 revenue of $228-229 million, versus the consensus of $229.3 million.

• Company-operated comparable restaurant sales growth of approximately 6.0% for the full year 2015, which includes comparable sales growth of approximately 2.0% to 3.0% in the fourth quarter of 2015;
• The opening of 26 to 28 company-operated restaurants and three to five franchised/licensed restaurants;
• Restaurant contribution margin of 21.3% to 21.6%;
• General and administrative expenses of $23.0 million to $23.5 million, including $1.3 million of non-cash stock compensation expense related to equity compensation programs;
• Capital expenditures of $27.0 million to $29.0 million; and
• An effective tax rate of approximately 43.0%, which assumes the conversion of all common units of The Habit Restaurants, LLC for shares of our Class A common stock (and cancellation of corresponding shares of our Class B common stock), which would eliminate the non-controlling interests.

For earnings history and earnings-related data on The Habit Restaurants (HABT) click here.

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