Last $13.30 USD
Change Today +0.15 / 1.14%
Volume 125.1K
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As of 8:10 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

bravo brio restaurant group (BBRG) Key Developments

Bravo Brio Restaurant Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 29, 2014; Revises Earnings Guidance for the Full Year of 2014

Bravo Brio Restaurant Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 29, 2014. For the quarter, revenues decreased $1.7 million, or 1.8%, to $94.6 million from $96.3 million in the third quarter of 2013. The decrease in Revenue was primarily due to a comparable restaurant sales decrease of 5.8% that was only partially offset by an additional 41 operating weeks compared to the third quarter last year. Income from operations was $863,000 compared with $3,122,000 for the same period a year ago. Income before income taxes was $625,000 compared with $2,853,000 for the same period a year ago. Net income was $1,139,000 or $0.06 per diluted share compared with $2,249,000 or $0.11 per diluted share for the same period a year ago. Comparable restaurant sales decreased 6.7% at BRAVO! and 5.2% at BRIO. Average weekly sales for BRAVO! and BRIO were $58,400 and $76,900, respectively. For the nine months, the company reported revenues of $301,679,000 compared with $304,975,000 for the same period a year ago. Income from operations was $10,681,000 compared with $14,829,000 for the same period a year ago. Income before income taxes was $9,951,000 compared with $13,959,000 for the same period a year ago. Net income was $7,988,000 or $0.40 per diluted share compared with $10,210,000 or $0.50 per diluted share for the same period a year ago. The company provided earnings guidance for the full year ending December 28, 2014. For the year, This outlook excludes the potential impact of the expected modified "Dutch Auction" Tender Offer as well as the write-off of unamortized debt issuance costs from the prior facility. Total comparable restaurant sales of minus 5.4% to minus 5.0% against minus 5.0% to minus 4.0% previously. The company expects revenues of $405 million to $408 million against $405 million to $410 million previously reflecting lower estimated comparable sales, diluted earnings per share of $0.60 to $0.63 against $0.71 to $0.75 previously, capital expenditures of $22 million to $24 million and estimated annual tax rate of approximately 22% against 27% previously.

Bravo Brio Restaurant Group, Inc. to Report Q3, 2014 Results on Nov 06, 2014

Bravo Brio Restaurant Group, Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 06, 2014

Bravo Brio Restaurant Group, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Bravo Brio Restaurant Group, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Bravo Brio Restaurant Group, Inc. Promotes Brian O'Malley to President

On August 27, 2014, the Board of Directors of Bravo Brio Restaurant Group, Inc. approved the promotion of Chief Operating Officer Brian O'Malley to President of the company, effective immediately. In his new capacity, Mr. O'Malley will oversee marketing and human resources and continue to serve as Chief Operating Officer, responsible for the restaurant and culinary operations of the Company. Mr. O'Malley will continue to report to Saed Mohseni, the company's Chief Executive Officer. Mr. O'Malley was appointed Chief Operating Officer in October 2010 and earlier served as Senior Vice President of Operations, BRIO from 2006 until October 2010.

Bravo to Open Six Restaurants in 2014

Bravo announced that it will open a total of six restaurants in 2014. Expansion plan for 2014 consists of 6 restaurants, 2 BRIOs, and 4 BRAVO!s.

 

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Valuation BBRG Industry Range
Price/Earnings 49.6x
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow 9.6x
TEV/Sales 0.6x
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