Jefferies Cuts Price Target on Bojangles' (BOJA) to $21; Reiterates Buy
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Bojangles’, Inc. Reports Financial Results for its Second Fiscal Quarter 2016
August 8, 2016 4:07 PM EDTCHARLOTTE, N.C., Aug. 08, 2016 (GLOBE NEWSWIRE) -- Bojangles, Inc. (Bojangles) (NASDAQ: BOJA) today announced financial results for the 13-week second fiscal quarter ended June 26, 2016. Â Bojangles also updated its guidance for the fiscal year 2016, which is a 52-week period ending on December 25, 2016.
Financial Highlights for Second Fiscal Quarter 2016
System-wide comparable restaurant sales increased 0.2% and company-operated comparable restaurant sales increased 0.9%;Total revenues increased 9.2% to $131.6 million from $120.5 million;18 system-wide restaurants were opened seven company-operated restaurants and 11 franchised restaurants;Net Income increased 58.4% to $10.0 million from $6.3 million;Diluted Net Income per... More