Famous Dave's of America (DAVE) Tops Q1 EPS by 1c

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Famous Dave’s Reports Results For First Quarter Fiscal 2016

May 16, 2016 4:05 PM EDT

MINNEAPOLIS, May 16, 2016 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (NASDAQ: DAVE) today reported financial results for the first quarter ending April 3, 2016.

Highlights for the first quarter of 2016 as compared to the first quarter of 2015:

Comparable sales for Company-owned restaurants open 24 months or more decreased 7.7% compared to a decrease of 5.9% for the same period in 2015. This decline is partially due to our close managerial control of our marketing spend in anticipation of new leadership and lapping changes made in the first quarter of last... More