Famous Dave’s of America Inc. reported on Wednesday a 12.8-percent decrease in profit for the Sept. 29-ended third quarter. The Minneapolis-based barbecue brand said it saw operational improvements in the quarter, but those were offset by a $1.2 million charge for asset impairment at a Salisbury, Md., unit and a lease restructuring at a Virginia restaurant. Famous Dave’s has 181 restaurants, with 138 of those units franchised.
 

NET INCOME

Result: $737,000, or 10 cents per share
% Decrease: 12.8% (from $845,000, or 11 cents per share)

REVENUE

Result: $39.2 million
% Decrease: 1.8% (from $39.9 million)

SAME-STORE SALES

% Decrease at company-owned units: 0.8%


% Decrease at franchised units: 2.3%


Source: Company report



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Contact Ron Ruggless at ronald.ruggless@penton.com.
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