The Habit Restaurants (HABT) Reports In-Line Q1 EPS

The Habit Restaurants (NASDAQ: HABT) reported Q1 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $919.9 million versus the consensus estimate of $93.84 million.

2018 Outlook

The Company currently anticipates the following for its fiscal year 2018:

• Total revenue between $389 million to $393 million;
• Company-operated comparable restaurant sales approximately flat for the year;
• The opening of approximately 30 company-operated restaurants and six to eight franchised/licensed restaurants;
• Restaurant contribution margin of 16.0% to 17.0%;
• General and administrative expenses of $37.5 million to $38.0 million;
• Depreciation and amortization expense of approximately $24.0 million;
• Capital expenditures of $43.0 million to $46.0 million; and
• An effective pro forma tax rate of approximately 32.5%, which assumes the conversion of all common units of The Habit Restaurants, LLC for shares of the Company’s Class A common stock (and cancellation of corresponding shares of 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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