Diversified Restaurant Holdings (SAUC) Misses Q2 EPS by 3c

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Diversified Restaurant Holdings Reports Second Quarter 2018 Results

August 7, 2018 4:16 PM EDT

SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Diversified Restaurant Holdings, Inc. (Nasdaq: SAUC) ("DRH" or the "Company"), one of the largest franchisees for Buffalo Wild Wings® ("BWW") with 65 stores across five states, today announced results for its second quarter ended July 1, 2018.

Second Quarter Information (from continuing operations)

Revenue totaled $37.0 million Same-store sales declined 6.4% Net loss was $1.1 million or $0.04 per diluted share Restaurant-level EBITDA(1) was $5.5 million, or 15.0% of sales Adjusted EBITDA(1) was $3.7 million Total debt of $108.2 million was down $5.8 million for the year-to-date period... More