Diversified Restaurant Holdings (SAUC) Tops Q1 EPS by 1c, Slight Beat on Revenues

Diversified Restaurant Holdings (NASDAQ: SAUC) reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $43.67 million.

GUIDANCE:

Diversified Restaurant Holdings sees FY2017 revenue of $173-178 million, versus the consensus of $174.76 million.

Fiscal 2017 Guidance

The Company expects the following in 2017:

• Revenue of $173 million to $178 million
• Restaurant-level EBITDA of $33 million to $36 million
• Adjusted EBITDA between $23.5 million to $26.5 million
• Capital expenditures of approximately $4 million to $6 million
  • One new restaurant: currently in development and expected to open in the second quarter
  • Two to four remodels: planned at approximately $0.6 million each

First Quarter Highlights (from continuing operations)

• Revenue increased 2.8% to $44.3 million
• Same-store sales were (0.3%)
• Achieved net income of $0.8 million, or $0.03 per diluted share
• Restaurant-level EBITDA of $8.4 million, or 19.0% of sales(1)
• Adjusted EBITDA was $6.2 million, or 13.9% of sales(1)
• Total debt, net of cash, reduced $3.0 million in the first quarter

For earnings history and earnings-related data on Diversified Restaurant Holdings (SAUC) click here.

You May Also Be Interested In

• Freightos Limited (CRGO) Tops Q2 EPS by 3c ; Offers Guidance
• InspireMD (NSPR) Tops Q2 EPS by 1c
• Femasys Inc. (FEMY) Misses Q2 EPS by 20c