Diversified Restaurant Holdings (BAGR) Reports In-Line Q2 Loss

Diversified Restaurant Holdings (NASDAQ: BAGR) reported Q2 EPS of $0.00, in-line with the analyst estimate of $0.00. Revenue for the quarter came in at $300 million versus the consensus estimate of $30.43 million.

Comparable-store sales growth was driven primarily by increased traffic in the last two months of the quarter; however, it was negatively impacted 110 basis points due to restaurant closings for the Easter Sunday holiday. Easter fell in the second quarter this year and in the first quarter in 2013. When adjusting for the Easter holiday, comparable-store sales were up 2.3%.

For earnings history and earnings-related data on Divrs Hldgs (BAGR) click here.

You May Also Be Interested In

• Okta upgraded as AI security opportunity boosts outlook
• Home Depot CEO takes medical leave 6 days before Q2 earnings
• Bank of America to acquire up to 49.9% stake in Jio Credit for ~$1.9B