BBQ Holdings Inc. (BBQ) Announces Revenue and Earnings Guidance for Fiscal Year 2021

April 20, 2021 12:08 PM EDT
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BBQ Holdings, Inc. (NASDAQ: BBQ) (the “Company”), an innovating global owner and operator of restaurants, recently provided revenue and earnings guidance in an updated investor presentation filed via 8-K. Guidance for its fiscal year 2021 is as follows:

  • Revenue guidance for the year of $150 – $155MM
  • Net Income of $1.7 – $2.1MM and Cash EBITDA of $8.5 – $9.0MM for fiscal year 2021.

The presentation can be found at:

Executive Comments

Jeff Crivello, CEO, commented, “We are excited to publish our revenue, and earnings guidance for fiscal year 2021. We are diligently working to execute our organic and M&A growth plan, while continuing to adjust with the fluid COVID restrictions. We believe there is a significant amount of pent up demand for dining, and expect demand to grow throughout the year. We will provide future guidance as the year develops.”

Cash EBITDA Guidance Range
(dollars in thousands) FY 2021 Projected FY 2021 Projected
Net income$1,712 $2,087
Depreciation and amortization 4,690 4,690
Interest expense, net 500 500
Non-cash rent (265) (265)
Stock-based compensation 1,129 1,129
Provision for income taxes 737 862
Cash EBITDA$8,503 $9,003

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