Form 8-K Bravo Brio Restaurant For: Nov 05
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Bravo Brio Restaurant (BBRG) Misses Q3 EPS by 2c; Announces CEO Succession
November 5, 2015 4:30 PM ESTBravo Brio Restaurant (NASDAQ: BBRG) reported Q3 EPS of $0.03, $0.02 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $98.3 million versus the consensus estimate of $98.06 million.
Total comparable restaurant sales decreased 3.5%.
BBRG also announced the appointment of Brian O'Malley as Chief Executive Officer and President, effective December 28, 2015. Mr. O'Malley, who currently serves as BBRG's President and Chief Operating Officer, will succeed Saed Mohseni, who has served in the role since February 2007. Mr. Mohseni will also resign his position on the Board of Directors effective December 27, 2015 and will be... More
