Diversified Restaurant Holdings (SAUC) Reports In-Line Q1 EPS
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Diversified Restaurant Holdings Operating Income Nearly Triples on 22.7% Revenue Growth in First Quarter 2016
May 5, 2016 4:17 PM EDTSOUTHFIELD, Mich., May 05, 2016 (GLOBE NEWSWIRE) -- Diversified Restaurant Holdings, Inc. (NASDAQ: SAUC) ("DRH" or the "Company"), the largest franchisee for Buffalo Wild Wings® ("BWW") and creator and operator of Bagger Dave's Burger Tavern® ("Bagger Dave's"), today announced results for its first quarter ended March 27, 2016.
Highlights for the quarter include:
Achieved first quarter revenue of $48.4 million; up 22.7% over prior-year quarter Operating income up $1.1 million, or 177.2%, to $1.7 million in the quarterAdjusted EBITDA up 31.9% to $6.7 million (1)Total debt reduced $4.2 million to $122.1... More