Diversified Restaurant Holdings (SAUC) Misses Q2 EPS by 2c, Miss on Revenues

Diversified Restaurant Holdings (NASDAQ: SAUC) reported Q2 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $39.9 million versus the consensus estimate of $42.14 million.

Second Quarter Key Information (from continuing operations)

• Revenue totaled $39.9 million, down 2.5%
• Same-store sales decreased 3.67% for the quarter and are off 1.95% for the year
• Restaurant-level EBITDA was $6.6 million, or 16.6% of sales(1)
• Adjusted EBITDA totaled $4.6 million, or 11.6% of sales(1)
• Net loss for the quarter was $0.3 million, with year-to-date net income of $0.5 million
• Cash generated from operations was $2.1 million for the quarter and $6.5 million year-to-date
• Total debt of $118.1 million is down $3.0 million for the year

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance