The Habit Restaurants (HABT) Tops Q2 EPS by 5c

The Habit Restaurants (NASDAQ: HABT) reported Q2 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $102.9 million versus the consensus estimate of $99.83 million.

• Company-operated comparable restaurant sales increased 1.2% as compared to the second quarter of 2017.

GUIDANCE:

The Habit Restaurants sees FY2018 revenue of $393-396 million, versus the consensus of $392.6 million.

• Company-operated comparable restaurant sales growth of 0.5% to 1.0%;
• The opening of approximately 30 company-operated restaurants and seven to nine franchised/licensed restaurants;
• Restaurant contribution margin of 16.5% to 17.0%;
• General and administrative expenses of $37.75 million to $38.25 million;
• Depreciation and amortization expense of approximately $24.4 million;
• Capital expenditures of $43.0 million to $46.0 million; and
• An effective pro forma tax rate of approximately 31.5% to 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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