The Habit Restaurants (HABT) Tops Q1 EPS by 1c, Comps Up 0.9%, Offers FY Outlook

The Habit Restaurants (NASDAQ: HABT) reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $78.6 million versus the consensus estimate of $78.58 million.

• Company-operated comparable restaurant sales increased 0.9% as compared to the first quarter of 2016

GUIDANCE:

The Habit Restaurants sees Q2 2017 revenue of $338-342 million, versus the consensus of $340.1 million.

• Company-operated comparable restaurant sales growth of approximately 2.0%;
• The opening of 31 to 33 company-operated restaurants and five to seven franchised/licensed restaurants;
• Restaurant contribution margin of approximately 20.0%;
• General and administrative expenses of $33.5 million to $34.0 million;
• Depreciation and amortization expense slightly under $19.0 million;
• Capital expenditures of $44.0 million to $47.0 million; and
• An effective pro forma tax rate of approximately 41.5%, 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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