Bravo Brio Restaurant (BBRG) Reports In-Line Q3 EPS

Bravo Brio Restaurant (NASDAQ: BBRG) reported Q3 EPS of ($0.16), in-line with the analyst estimate of ($0.16). Revenue for the quarter came in at $88.7 million versus the consensus estimate of $91.65 million.

• Restaurant-level operating profit increased 11.8% to $8.8 million from $7.9 million.
• GAAP net loss was $(2.5) million, or $(0.16) per diluted share, compared to GAAP net loss of $(3.0) million, or $(0.20) per diluted share.
• Adjusted net loss was $(2.4) million, or $(0.16) per diluted share, compared to adjusted net loss of $(2.4) million, or $(0.16) per diluted share. Please see the reconciliation from GAAP to adjusted (non-GAAP) net loss in the accompanying financial tables.
• Revenues decreased 6.2% to $88.7 million from $94.6 million.
• Total comparable restaurant sales decreased 5.7% inclusive of an estimated 140 basis point negative impact related to Hurricanes Harvey and Irma.
• Comparable restaurant sales decreased 2.7% at BRAVO! inclusive of an estimated 50 basis point negative impact related to Hurricane Irma.
• Comparable restaurant sales decreased 7.4% at BRIO inclusive of an estimated 200 basis point negative impact related to Hurricanes Harvey and Irma.

For earnings history and earnings-related data on Bravo Brio Restaurant (BBRG) click here.

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