Ignite Restaurant Group (IRG) Misses Q1 EPS by 1c; Comps Fell 1.8%
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Ignite Restaurant Group Reports First Quarter 2016 Financial Results
May 4, 2016 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- Ignite Restaurant Group (NASDAQ: IRG) today reported financial results for the first quarter ended March 28, 2016.
Highlights for the first quarter of 2016 were as follows:
Total revenues were $117.9 million, compared to $122.2 million in the first quarter of 2015; Comparable restaurant sales decreased 1.8% company-wide, comprised of a 1.3% decrease at Joes Crab Shack and a 4.5% decrease at Brick House Tavern + Tap; Loss from continuing operations was $1.6 million, or $0.06 per diluted share, compared to $3.2 million, or $0.12 per diluted share in the first quarter of... More