Officials for Famous Dave’s of America Inc. said the decline in traffic that caused a 32-percent decrease in first-quarter earnings resulted from pressure on consumers from high gas prices, particularly in its East Coast markets. Chief executive Christopher O’Donnell said traffic was “erratic,” as a lift in guest counts that happened across the industry due to warm weather waned when fuel prices began rising and taking a greater share of consumers’ ...
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Contact: Desiree Torres Desiree.Torres@penton.com