Diversified Restaurant Holdings (SAUC) Reports In-Line Q2 EPS
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Diversified Restaurant Holdings Reports Strong Operating Income Growth in Second Quarter 2016
August 4, 2016 4:15 PM EDTSOUTHFIELD, Mich., Aug. 04, 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 second quarter ended June 26, 2016. The Company also announced today in a separate release that it intends to split into two separate, publicly traded companies through the tax-free spinoff of its Bagger Daves business to DRH stockholders.Â
Second Quarter 2016 Performance (compared with prior year period, unless otherwise stated)Â
Achieved 25.8% revenue growth to $46.4... MoreDiversified Restaurant Holdings Announces Its Intention to Spin Off Bagger Dave’s Restaurants
August 4, 2016 4:15 PM EDTSOUTHFIELD, Mich., Aug. 04, 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 its intention to split into two separate, publicly-traded companies through the tax-free spinoff of its Bagger Daves business to DRH stockholders. The Company previously announced on May 24, 2016 that it was evaluating strategic alternatives for its Bagger Daves restaurants and brand.Â
Michael Ansley, Chairman, President and CEO, commented, "Following a comprehensive analysis of various... More
