Diversified Restaurant Holdings (SAUC) Tops Q1 EPS by 1c, Slight Beat on Revenues
Diversified Restaurant Holdings (NASDAQ: SAUC) reported Q1 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $43.67 million.
GUIDANCE:
Diversified Restaurant Holdings sees FY2017 revenue of $173-178 million, versus the consensus of $174.76 million.
Fiscal 2017 Guidance
The Company expects the following in 2017:
- Revenue of $173 million to $178 million
- Restaurant-level EBITDA of $33 million to $36 million
- Adjusted EBITDA between $23.5 million to $26.5 million
- Capital expenditures of approximately $4 million to $6 million
- One new restaurant: currently in development and expected to open in the second quarter
- Two to four remodels: planned at approximately $0.6 million each
First Quarter Highlights (from continuing operations)
- Revenue increased 2.8% to $44.3 million
- Same-store sales were (0.3%)
- Achieved net income of $0.8 million, or $0.03 per diluted share
- Restaurant-level EBITDA of $8.4 million, or 19.0% of sales(1)
- Adjusted EBITDA was $6.2 million, or 13.9% of sales(1)
- Total debt, net of cash, reduced $3.0 million in the first quarter
For earnings history and earnings-related data on Diversified Restaurant Holdings (SAUC) click here.