Ignite Restaurant Group (IRG) PT Cut to $5 at Piper Jaffray

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Go back to Ignite Restaurant Group (IRG) PT Cut to $5 at Piper Jaffray

Ignite Restaurant Group Reports Fourth Quarter 2014 Financial Results

March 12, 2015 4:01 PM EDT

HOUSTON--(BUSINESS WIRE)-- Ignite Restaurant Group (NASDAQ: IRG) today reported financial results for the fourth quarter and fiscal year ended December 29, 2014.

Highlights for the fourth quarter of 2014 were as follows:

Total revenues were $177.3 million, compared to $186.9 million in the fourth quarter of 2013; Comparable restaurant sales increased 5.7% at Brick House Tavern + Tap, decreased 4.5% at Joes Crab Shack and decreased 2.8% at Macaroni Grill; Net loss, which includes a deferred tax asset valuation allowance of $36.0 million, was... More